CETC Digital TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
CETC Digital TechnologyLtd has a total shareholder equity of CN¥4.7B and total debt of CN¥408.5M, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are CN¥11.1B and CN¥6.4B respectively. CETC Digital TechnologyLtd's EBIT is CN¥525.1M making its interest coverage ratio -30.9. It has cash and short-term investments of CN¥1.8B.
Key information
8.7%
Debt to equity ratio
CN¥408.50m
Debt
| Interest coverage ratio | -30.9x |
| Cash | CN¥1.76b |
| Equity | CN¥4.69b |
| Total liabilities | CN¥6.42b |
| Total assets | CN¥11.10b |
Recent financial health updates
Recent updates
CETC Digital TechnologyLtd's (SHSE:600850) Shareholders Have More To Worry About Than Only Soft Earnings
Apr 08
CETC Digital TechnologyLtd (SHSE:600850) Has A Rock Solid Balance Sheet
Mar 25Further Upside For CETC Digital Technology Co.,Ltd. (SHSE:600850) Shares Could Introduce Price Risks After 29% Bounce
Mar 04Financial Position Analysis
Short Term Liabilities: 600850's short term assets (CN¥10.1B) exceed its short term liabilities (CN¥6.0B).
Long Term Liabilities: 600850's short term assets (CN¥10.1B) exceed its long term liabilities (CN¥460.8M).
Debt to Equity History and Analysis
Debt Level: 600850 has more cash than its total debt.
Reducing Debt: 600850's debt to equity ratio has increased from 2.9% to 8.7% over the past 5 years.
Debt Coverage: 600850's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600850 earns more interest than it pays, so coverage of interest payments is not a concern.