China Tower Balance Sheet Health
Financial Health criteria checks 6/6
China Tower has a total shareholder equity of CN¥200.5B and total debt of CN¥73.0B, which brings its debt-to-equity ratio to 36.4%. Its total assets and total liabilities are CN¥321.4B and CN¥120.9B respectively. China Tower's EBIT is CN¥15.0B making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥6.3B.
Key information
36.4%
Debt to equity ratio
CN¥73.00b
Debt
Interest coverage ratio | 5.4x |
Cash | CN¥6.28b |
Equity | CN¥200.48b |
Total liabilities | CN¥120.89b |
Total assets | CN¥321.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2Y10's short term assets (CN¥77.2B) exceed its short term liabilities (CN¥53.2B).
Long Term Liabilities: 2Y10's short term assets (CN¥77.2B) exceed its long term liabilities (CN¥67.6B).
Debt to Equity History and Analysis
Debt Level: 2Y10's net debt to equity ratio (33.3%) is considered satisfactory.
Reducing Debt: 2Y10's debt to equity ratio has reduced from 50.9% to 36.4% over the past 5 years.
Debt Coverage: 2Y10's debt is well covered by operating cash flow (60.5%).
Interest Coverage: 2Y10's interest payments on its debt are well covered by EBIT (5.4x coverage).