Triangle TyreLtd Balance Sheet Health
Financial Health criteria checks 5/6
Triangle TyreLtd has a total shareholder equity of CN¥13.2B and total debt of CN¥845.2M, which brings its debt-to-equity ratio to 6.4%. Its total assets and total liabilities are CN¥18.8B and CN¥5.6B respectively.
Key information
6.4%
Debt to equity ratio
CN¥845.17m
Debt
Interest coverage ratio | n/a |
Cash | CN¥2.04b |
Equity | CN¥13.17b |
Total liabilities | CN¥5.61b |
Total assets | CN¥18.77b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601163's short term assets (CN¥12.6B) exceed its short term liabilities (CN¥5.2B).
Long Term Liabilities: 601163's short term assets (CN¥12.6B) exceed its long term liabilities (CN¥410.2M).
Debt to Equity History and Analysis
Debt Level: 601163 has more cash than its total debt.
Reducing Debt: 601163's debt to equity ratio has reduced from 12.3% to 6.4% over the past 5 years.
Debt Coverage: 601163's debt is well covered by operating cash flow (204%).
Interest Coverage: Insufficient data to determine if 601163's interest payments on its debt are well covered by EBIT.