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¥245.6M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are CN¥10.4B and CN¥5.7B respectively. CETC Digital TechnologyLtd's EBIT is CN¥560.4M making its interest coverage ratio -93.7. It has cash and short-term investments of CN¥1.1B.
Key information
5.3%
Debt to equity ratio
CN¥245.58m
Debt
| Interest coverage ratio | -93.7x |
| Cash | CN¥1.06b |
| Equity | CN¥4.65b |
| Total liabilities | CN¥5.71b |
| Total assets | CN¥10.36b |
Recent financial health updates
Is CETC Digital TechnologyLtd (SHSE:600850) Using Too Much Debt?
Oct 15
CETC Digital TechnologyLtd (SHSE:600850) Has A Rock Solid Balance Sheet
Mar 25Recent updates
CETC Digital Technology Co.,Ltd. (SHSE:600850) Stock Rockets 46% As Investors Are Less Pessimistic Than Expected
Oct 22Is CETC Digital TechnologyLtd (SHSE:600850) Using Too Much Debt?
Oct 15CETC Digital Technology Co.,Ltd.'s (SHSE:600850) Prospects Need A Boost To Lift Shares
Jul 02CETC Digital TechnologyLtd (SHSE:600850) May Have Issues Allocating Its Capital
May 25CETC Digital TechnologyLtd's (SHSE:600850) Shareholders Have More To Worry About Than Only Soft Earnings
Apr 08CETC 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¥9.2B) exceed its short term liabilities (CN¥5.2B).
Long Term Liabilities: 600850's short term assets (CN¥9.2B) exceed its long term liabilities (CN¥485.1M).
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 2.1% to 5.3% 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.