ZTE Balance Sheet Health
Financial Health criteria checks 6/6
ZTE has a total shareholder equity of CN¥71.2B and total debt of CN¥60.0B, which brings its debt-to-equity ratio to 84.3%. Its total assets and total liabilities are CN¥208.5B and CN¥137.2B respectively. ZTE's EBIT is CN¥10.3B making its interest coverage ratio -11.1. It has cash and short-term investments of CN¥87.0B.
Key information
84.3%
Debt to equity ratio
CN¥60.05b
Debt
Interest coverage ratio | -11.1x |
Cash | CN¥86.98b |
Equity | CN¥71.25b |
Total liabilities | CN¥137.22b |
Total assets | CN¥208.47b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ZTCO.F's short term assets (CN¥166.1B) exceed its short term liabilities (CN¥84.9B).
Long Term Liabilities: ZTCO.F's short term assets (CN¥166.1B) exceed its long term liabilities (CN¥52.3B).
Debt to Equity History and Analysis
Debt Level: ZTCO.F has more cash than its total debt.
Reducing Debt: ZTCO.F's debt to equity ratio has reduced from 109.9% to 84.3% over the past 5 years.
Debt Coverage: ZTCO.F's debt is well covered by operating cash flow (30.1%).
Interest Coverage: ZTCO.F earns more interest than it pays, so coverage of interest payments is not a concern.