ChinaEtek Service & Technology Balance Sheet Health
Financial Health criteria checks 6/6
ChinaEtek Service & Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.8B and CN¥330.0M respectively. ChinaEtek Service & Technology's EBIT is CN¥135.9M making its interest coverage ratio -6.5. It has cash and short-term investments of CN¥883.3M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -6.5x |
| Cash | CN¥883.32m |
| Equity | CN¥1.50b |
| Total liabilities | CN¥329.95m |
| Total assets | CN¥1.83b |
Financial Position Analysis
Short Term Liabilities: 301208's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥328.8M).
Long Term Liabilities: 301208's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥1.1M).
Debt to Equity History and Analysis
Debt Level: 301208 is debt free.
Reducing Debt: 301208 has no debt compared to 5 years ago when its debt to equity ratio was 21.4%.
Debt Coverage: 301208 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301208 has no debt, therefore coverage of interest payments is not a concern.