Giti Tire Balance Sheet Health
Financial Health criteria checks 6/6
Giti Tire has a total shareholder equity of CN¥2.1B and total debt of CN¥695.0M, which brings its debt-to-equity ratio to 32.6%. Its total assets and total liabilities are CN¥3.9B and CN¥1.7B respectively. Giti Tire's EBIT is CN¥551.8M making its interest coverage ratio 32.1. It has cash and short-term investments of CN¥265.1M.
Key information
32.6%
Debt to equity ratio
CN¥694.96m
Debt
Interest coverage ratio | 32.1x |
Cash | CN¥265.13m |
Equity | CN¥2.13b |
Total liabilities | CN¥1.75b |
Total assets | CN¥3.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600182's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 600182's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥549.0M).
Debt to Equity History and Analysis
Debt Level: 600182's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: 600182's debt to equity ratio has reduced from 47.5% to 32.6% over the past 5 years.
Debt Coverage: 600182's debt is well covered by operating cash flow (32.4%).
Interest Coverage: 600182's interest payments on its debt are well covered by EBIT (32.1x coverage).