Traffic Control Technology Balance Sheet Health
Financial Health criteria checks 6/6
Traffic Control Technology has a total shareholder equity of CN¥2.6B and total debt of CN¥520.3K, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are CN¥5.5B and CN¥2.9B respectively. Traffic Control Technology's EBIT is CN¥156.0M making its interest coverage ratio -130.6. It has cash and short-term investments of CN¥1.2B.
Key information
0.02%
Debt to equity ratio
CN¥520.29k
Debt
| Interest coverage ratio | -130.6x |
| Cash | CN¥1.19b |
| Equity | CN¥2.65b |
| Total liabilities | CN¥2.87b |
| Total assets | CN¥5.52b |
Financial Position Analysis
Short Term Liabilities: 688015's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 688015's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥216.2M).
Debt to Equity History and Analysis
Debt Level: 688015 has more cash than its total debt.
Reducing Debt: 688015's debt to equity ratio has reduced from 26% to 0.02% over the past 5 years.
Debt Coverage: 688015's debt is well covered by operating cash flow (16215.6%).
Interest Coverage: 688015 earns more interest than it pays, so coverage of interest payments is not a concern.