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
Returns On Capital At CETC Digital TechnologyLtd (SHSE:600850) Have Stalled
Dec 12CETC 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 04:55 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
CETC Digital Technology Co.,Ltd. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Li Qian Zhou | Everbright Securities Co. Ltd. |
| Jialin Jiang | Industrial Securities Co. Ltd. |
| Wei Lv | Minsheng Securities Co. |