China Zhenhua (Group) Science & Technology Balance Sheet Health
Financial Health criteria checks 6/6
China Zhenhua (Group) Science & Technology has a total shareholder equity of CN¥14.5B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are CN¥18.0B and CN¥3.5B respectively. China Zhenhua (Group) Science & Technology's EBIT is CN¥2.2B making its interest coverage ratio -177. It has cash and short-term investments of CN¥4.7B.
Key information
8.9%
Debt to equity ratio
CN¥1.28b
Debt
Interest coverage ratio | -177x |
Cash | CN¥4.71b |
Equity | CN¥14.47b |
Total liabilities | CN¥3.50b |
Total assets | CN¥17.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000733's short term assets (CN¥14.1B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 000733's short term assets (CN¥14.1B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 000733 has more cash than its total debt.
Reducing Debt: 000733's debt to equity ratio has reduced from 50.3% to 8.9% over the past 5 years.
Debt Coverage: 000733's debt is well covered by operating cash flow (105.6%).
Interest Coverage: 000733 earns more interest than it pays, so coverage of interest payments is not a concern.