Zhuzhou CRRC Times Electric Balance Sheet Health
Financial Health criteria checks 6/6
Zhuzhou CRRC Times Electric has a total shareholder equity of CN¥35.8B and total debt of CN¥580.7M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CN¥49.1B and CN¥13.4B respectively. Zhuzhou CRRC Times Electric's EBIT is CN¥2.6B making its interest coverage ratio -11.9. It has cash and short-term investments of CN¥11.8B.
Key information
1.6%
Debt to equity ratio
CN¥580.66m
Debt
Interest coverage ratio | -11.9x |
Cash | CN¥11.84b |
Equity | CN¥35.76b |
Total liabilities | CN¥13.39b |
Total assets | CN¥49.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZHUZ.F's short term assets (CN¥36.2B) exceed its short term liabilities (CN¥11.7B).
Long Term Liabilities: ZHUZ.F's short term assets (CN¥36.2B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: ZHUZ.F has more cash than its total debt.
Reducing Debt: ZHUZ.F's debt to equity ratio has reduced from 1.8% to 1.6% over the past 5 years.
Debt Coverage: ZHUZ.F's debt is well covered by operating cash flow (352.3%).
Interest Coverage: ZHUZ.F earns more interest than it pays, so coverage of interest payments is not a concern.