CICT Mobile Communication Technology Balance Sheet Health
Financial Health criteria checks 6/6
CICT Mobile Communication Technology has a total shareholder equity of CN¥6.5B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 27.1%. Its total assets and total liabilities are CN¥13.7B and CN¥7.2B respectively.
Key information
27.1%
Debt to equity ratio
CN¥1.76b
Debt
Interest coverage ratio | n/a |
Cash | CN¥4.37b |
Equity | CN¥6.49b |
Total liabilities | CN¥7.16b |
Total assets | CN¥13.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688387's short term assets (CN¥12.6B) exceed its short term liabilities (CN¥6.4B).
Long Term Liabilities: 688387's short term assets (CN¥12.6B) exceed its long term liabilities (CN¥726.5M).
Debt to Equity History and Analysis
Debt Level: 688387 has more cash than its total debt.
Reducing Debt: 688387's debt to equity ratio has reduced from 738.8% to 27.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 688387 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 688387 has sufficient cash runway for 2 years if free cash flow continues to grow at historical rates of 0.4% each year.