China ZhengTong Auto Services Holdings Balance Sheet Health
Financial Health criteria checks 1/6
China ZhengTong Auto Services Holdings has a total shareholder equity of CN¥1.3B and total debt of CN¥19.8B, which brings its debt-to-equity ratio to 1535.4%. Its total assets and total liabilities are CN¥29.5B and CN¥28.2B respectively. China ZhengTong Auto Services Holdings's EBIT is CN¥119.3M making its interest coverage ratio 0.1. It has cash and short-term investments of CN¥1.2B.
Key information
1,535.4%
Debt to equity ratio
CN¥19.76b
Debt
Interest coverage ratio | 0.1x |
Cash | CN¥1.22b |
Equity | CN¥1.29b |
Total liabilities | CN¥28.23b |
Total assets | CN¥29.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZA0's short term assets (CN¥14.4B) do not cover its short term liabilities (CN¥22.6B).
Long Term Liabilities: ZA0's short term assets (CN¥14.4B) exceed its long term liabilities (CN¥5.6B).
Debt to Equity History and Analysis
Debt Level: ZA0's net debt to equity ratio (1440.8%) is considered high.
Reducing Debt: ZA0's debt to equity ratio has increased from 177.6% to 1535.4% 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: Insufficient data to determine if ZA0 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ZA0 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.