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
No updates
Recent updates
Financial 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 | 2024/12/25 20:56 |
| End of Day Share Price | 2024/12/25 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 |
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| 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
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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. |