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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 12:42 |
| 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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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
Suzhou TZTEK Technology Co., Ltd is covered by 7 analysts. 3 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 |
|---|---|
| Yang Kong | China International Capital Corporation Limited |
| Weixiu Guo | China International Capital Corporation Limited |
| Haibo Liu | Citic Securities Co., Ltd. |