Chengzhi Balance Sheet Health
Financial Health criteria checks 6/6
Chengzhi has a total shareholder equity of CN¥18.6B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are CN¥26.0B and CN¥7.3B respectively. Chengzhi's EBIT is CN¥986.4M making its interest coverage ratio 9. It has cash and short-term investments of CN¥3.0B.
Key information
23.5%
Debt to equity ratio
CN¥4.38b
Debt
Interest coverage ratio | 9x |
Cash | CN¥2.99b |
Equity | CN¥18.65b |
Total liabilities | CN¥7.31b |
Total assets | CN¥25.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000990's short term assets (CN¥6.7B) exceed its short term liabilities (CN¥5.5B).
Long Term Liabilities: 000990's short term assets (CN¥6.7B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 000990's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: 000990's debt to equity ratio has reduced from 30.7% to 23.5% over the past 5 years.
Debt Coverage: 000990's debt is well covered by operating cash flow (50.3%).
Interest Coverage: 000990's interest payments on its debt are well covered by EBIT (9x coverage).