China ZhengTong Auto Services Holdings Balance Sheet Health
Financial Health criteria checks 2/6
China ZhengTong Auto Services Holdings has a total shareholder equity of CN¥224.4M and total debt of CN¥18.7B, which brings its debt-to-equity ratio to 8320.1%. Its total assets and total liabilities are CN¥27.7B and CN¥27.5B respectively. China ZhengTong Auto Services Holdings's EBIT is CN¥38.7M making its interest coverage ratio 0. It has cash and short-term investments of CN¥1.2B.
Key information
8,320.1%
Debt to equity ratio
CN¥18.67b
Debt
Interest coverage ratio | 0.04x |
Cash | CN¥1.22b |
Equity | CN¥224.44m |
Total liabilities | CN¥27.51b |
Total assets | CN¥27.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CZAS.F's short term assets (CN¥13.8B) do not cover its short term liabilities (CN¥18.9B).
Long Term Liabilities: CZAS.F's short term assets (CN¥13.8B) exceed its long term liabilities (CN¥8.6B).
Debt to Equity History and Analysis
Debt Level: CZAS.F's net debt to equity ratio (7774.7%) is considered high.
Reducing Debt: CZAS.F's debt to equity ratio has increased from 172.3% to 8320.1% 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: CZAS.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if CZAS.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.