Suzhou TZTEK Technology Balance Sheet Health
Financial Health criteria checks 4/6
Suzhou TZTEK Technology has a total shareholder equity of CN¥1.8B and total debt of CN¥663.3M, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are CN¥3.5B and CN¥1.7B respectively. Suzhou TZTEK Technology's EBIT is CN¥140.5M making its interest coverage ratio -6.3. It has cash and short-term investments of CN¥307.1M.
Key information
37.0%
Debt to equity ratio
CN¥663.25m
Debt
| Interest coverage ratio | -6.3x |
| Cash | CN¥307.12m |
| Equity | CN¥1.79b |
| Total liabilities | CN¥1.70b |
| Total assets | CN¥3.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688003's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 688003's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥527.1M).
Debt to Equity History and Analysis
Debt Level: 688003's net debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: 688003's debt to equity ratio has increased from 0% to 37% over the past 5 years.
Debt Coverage: 688003's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688003 earns more interest than it pays, so coverage of interest payments is not a concern.