Zhejiang Tiancheng Controls Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Tiancheng Controls has a total shareholder equity of CN¥891.4M and total debt of CN¥458.1M, which brings its debt-to-equity ratio to 51.4%. Its total assets and total liabilities are CN¥2.6B and CN¥1.8B respectively. Zhejiang Tiancheng Controls's EBIT is CN¥27.7M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥136.3M.
Key information
51.4%
Debt to equity ratio
CN¥458.07m
Debt
Interest coverage ratio | 1.6x |
Cash | CN¥136.25m |
Equity | CN¥891.43m |
Total liabilities | CN¥1.75b |
Total assets | CN¥2.64b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603085's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: 603085's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥398.2M).
Debt to Equity History and Analysis
Debt Level: 603085's net debt to equity ratio (36.1%) is considered satisfactory.
Reducing Debt: 603085's debt to equity ratio has reduced from 69.6% to 51.4% over the past 5 years.
Debt Coverage: 603085's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: 603085's interest payments on its debt are not well covered by EBIT (1.6x coverage).