Shaanxi Zhongtian Rocket Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shaanxi Zhongtian Rocket Technology has a total shareholder equity of CN¥1.6B and total debt of CN¥706.1M, which brings its debt-to-equity ratio to 43.5%. Its total assets and total liabilities are CN¥3.1B and CN¥1.5B respectively. Shaanxi Zhongtian Rocket Technology's EBIT is CN¥63.3M making its interest coverage ratio -31.9. It has cash and short-term investments of CN¥1.1B.
Key information
43.5%
Debt to equity ratio
CN¥706.11m
Debt
| Interest coverage ratio | -31.9x |
| Cash | CN¥1.15b |
| Equity | CN¥1.62b |
| Total liabilities | CN¥1.45b |
| Total assets | CN¥3.08b |
Financial Position Analysis
Short Term Liabilities: 003009's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥955.0M).
Long Term Liabilities: 003009's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥497.8M).
Debt to Equity History and Analysis
Debt Level: 003009 has more cash than its total debt.
Reducing Debt: 003009's debt to equity ratio has reduced from 47.3% to 43.5% over the past 5 years.
Debt Coverage: 003009's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: 003009 earns more interest than it pays, so coverage of interest payments is not a concern.