Changzheng Engineering TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Changzheng Engineering TechnologyLtd has a total shareholder equity of CN¥4.9B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are CN¥7.8B and CN¥2.9B respectively. Changzheng Engineering TechnologyLtd's EBIT is CN¥104.9M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥2.1B.
Key information
20.5%
Debt to equity ratio
CN¥1.01b
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥2.15b |
| Equity | CN¥4.93b |
| Total liabilities | CN¥2.90b |
| Total assets | CN¥7.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603698's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603698's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 603698 has more cash than its total debt.
Reducing Debt: 603698's debt to equity ratio has increased from 0% to 20.5% over the past 5 years.
Debt Coverage: 603698's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603698 earns more interest than it pays, so coverage of interest payments is not a concern.