China Satellite Communications Balance Sheet Health
Financial Health criteria checks 6/6
China Satellite Communications has a total shareholder equity of CN¥19.6B and total debt of CN¥15.0M, which brings its debt-to-equity ratio to 0.08%. Its total assets and total liabilities are CN¥22.6B and CN¥3.0B respectively. China Satellite Communications's EBIT is CN¥602.7M making its interest coverage ratio -3. It has cash and short-term investments of CN¥7.3B.
Key information
0.08%
Debt to equity ratio
CN¥15.00m
Debt
Interest coverage ratio | -3x |
Cash | CN¥7.28b |
Equity | CN¥19.60b |
Total liabilities | CN¥3.04b |
Total assets | CN¥22.64b |
Recent financial health updates
No updates
Recent updates
Investors Could Be Concerned With China Satellite Communications' (SHSE:601698) Returns On Capital
Jun 21China Satellite Communications Co., Ltd. (SHSE:601698) Investors Are Less Pessimistic Than Expected
May 27Investors Can Find Comfort In China Satellite Communications' (SHSE:601698) Earnings Quality
Apr 08Is Now The Time To Put China Satellite Communications (SHSE:601698) On Your Watchlist?
Mar 19China Satellite Communications Co., Ltd.'s (SHSE:601698) Share Price Could Signal Some Risk
Feb 27Financial Position Analysis
Short Term Liabilities: 601698's short term assets (CN¥8.3B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 601698's short term assets (CN¥8.3B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 601698 has more cash than its total debt.
Reducing Debt: 601698's debt to equity ratio has reduced from 2.8% to 0.08% over the past 5 years.
Debt Coverage: 601698's debt is well covered by operating cash flow (12879.4%).
Interest Coverage: 601698 earns more interest than it pays, so coverage of interest payments is not a concern.