ZTE Balance Sheet Health
Financial Health criteria checks 5/6
ZTE has a total shareholder equity of CN¥55.3B and total debt of CN¥49.0B, which brings its debt-to-equity ratio to 88.5%. Its total assets and total liabilities are CN¥179.2B and CN¥123.9B respectively. ZTE's EBIT is CN¥6.1B making its interest coverage ratio -6.5. It has cash and short-term investments of CN¥60.4B.
Key information
88.5%
Debt to equity ratio
CN¥48.95b
Debt
Interest coverage ratio | -6.5x |
Cash | CN¥60.36b |
Equity | CN¥55.32b |
Total liabilities | CN¥123.93b |
Total assets | CN¥179.24b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FZMA's short term assets (CN¥138.6B) exceed its short term liabilities (CN¥81.1B).
Long Term Liabilities: FZMA's short term assets (CN¥138.6B) exceed its long term liabilities (CN¥42.8B).
Debt to Equity History and Analysis
Debt Level: FZMA has more cash than its total debt.
Reducing Debt: FZMA's debt to equity ratio has increased from 59.8% to 88.5% over the past 5 years.
Debt Coverage: FZMA's debt is well covered by operating cash flow (29.7%).
Interest Coverage: FZMA earns more interest than it pays, so coverage of interest payments is not a concern.