Zhuzhou CRRC Times Electric Balance Sheet Health
Financial Health criteria checks 5/6
Zhuzhou CRRC Times Electric has a total shareholder equity of CN¥38.2B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are CN¥55.1B and CN¥16.9B respectively. Zhuzhou CRRC Times Electric's EBIT is CN¥2.7B making its interest coverage ratio -10.6. It has cash and short-term investments of CN¥12.2B.
Key information
3.5%
Debt to equity ratio
CN¥1.34b
Debt
Interest coverage ratio | -10.6x |
Cash | CN¥12.21b |
Equity | CN¥38.23b |
Total liabilities | CN¥16.87b |
Total assets | CN¥55.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZTX0's short term assets (CN¥39.9B) exceed its short term liabilities (CN¥14.4B).
Long Term Liabilities: ZTX0's short term assets (CN¥39.9B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: ZTX0 has more cash than its total debt.
Reducing Debt: ZTX0's debt to equity ratio has increased from 2% to 3.5% over the past 5 years.
Debt Coverage: ZTX0's debt is well covered by operating cash flow (267.3%).
Interest Coverage: ZTX0 earns more interest than it pays, so coverage of interest payments is not a concern.