ZX Balance Sheet Health
Financial Health criteria checks 2/6
ZX has a total shareholder equity of CN¥2.3B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 132.7%. Its total assets and total liabilities are CN¥7.3B and CN¥5.0B respectively. ZX's EBIT is CN¥61.0M making its interest coverage ratio -0.1. It has cash and short-term investments of CN¥979.4M.
Key information
132.7%
Debt to equity ratio
CN¥3.02b
Debt
| Interest coverage ratio | -0.1x |
| Cash | CN¥979.36m |
| Equity | CN¥2.28b |
| Total liabilities | CN¥4.99b |
| Total assets | CN¥7.27b |
Financial Position Analysis
Short Term Liabilities: 9890's short term assets (CN¥4.1B) do not cover its short term liabilities (CN¥4.8B).
Long Term Liabilities: 9890's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥156.2M).
Debt to Equity History and Analysis
Debt Level: 9890's net debt to equity ratio (89.7%) is considered high.
Reducing Debt: Insufficient data to determine if 9890's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 9890's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 9890 earns more interest than it pays, so coverage of interest payments is not a concern.