Changzheng Engineering TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Changzheng Engineering TechnologyLtd has a total shareholder equity of CN¥5.0B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 20.3%. Its total assets and total liabilities are CN¥8.5B and CN¥3.5B respectively. Changzheng Engineering TechnologyLtd's EBIT is CN¥182.9M making its interest coverage ratio -4.1. It has cash and short-term investments of CN¥2.5B.
Key information
20.3%
Debt to equity ratio
CN¥1.01b
Debt
| Interest coverage ratio | -4.1x |
| Cash | CN¥2.54b |
| Equity | CN¥4.96b |
| Total liabilities | CN¥3.51b |
| Total assets | CN¥8.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603698's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 603698's short term assets (CN¥4.7B) 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 20.3% over the past 5 years.
Debt Coverage: 603698's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: 603698 earns more interest than it pays, so coverage of interest payments is not a concern.