Chengzhi Balance Sheet Health
Financial Health criteria checks 6/6
Chengzhi has a total shareholder equity of CN¥18.7B and total debt of CN¥4.8B, which brings its debt-to-equity ratio to 25.8%. Its total assets and total liabilities are CN¥26.3B and CN¥7.6B respectively. Chengzhi's EBIT is CN¥1.0B making its interest coverage ratio 9. It has cash and short-term investments of CN¥4.1B.
Key information
25.8%
Debt to equity ratio
CN¥4.81b
Debt
Interest coverage ratio | 9x |
Cash | CN¥4.07b |
Equity | CN¥18.65b |
Total liabilities | CN¥7.63b |
Total assets | CN¥26.28b |
Financial Position Analysis
Short Term Liabilities: 000990's short term assets (CN¥6.6B) exceed its short term liabilities (CN¥5.6B).
Long Term Liabilities: 000990's short term assets (CN¥6.6B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 000990's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: 000990's debt to equity ratio has reduced from 31.9% to 25.8% over the past 5 years.
Debt Coverage: 000990's debt is well covered by operating cash flow (40.7%).
Interest Coverage: 000990's interest payments on its debt are well covered by EBIT (9x coverage).