Zhejiang Tiancheng Controls Balance Sheet Health
Financial Health criteria checks 1/6
Zhejiang Tiancheng Controls has a total shareholder equity of CN¥897.9M and total debt of CN¥805.7M, which brings its debt-to-equity ratio to 89.7%. Its total assets and total liabilities are CN¥3.2B and CN¥2.3B respectively. Zhejiang Tiancheng Controls's EBIT is CN¥11.1M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥257.9M.
Key information
89.7%
Debt to equity ratio
CN¥805.75m
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥257.86m |
| Equity | CN¥897.90m |
| Total liabilities | CN¥2.26b |
| Total assets | CN¥3.15b |
Recent financial health updates
No updates
Recent updates
Statutory Profit Doesn't Reflect How Good Zhejiang Tiancheng Controls' (SHSE:603085) Earnings Are
Nov 04
What Zhejiang Tiancheng Controls Co., Ltd.'s (SHSE:603085) P/S Is Not Telling You
Oct 25Zhejiang Tiancheng Controls (SHSE:603085) Will Be Hoping To Turn Its Returns On Capital Around
Aug 01Shareholders Will Be Pleased With The Quality of Zhejiang Tiancheng Controls' (SHSE:603085) Earnings
May 03Subdued Growth No Barrier To Zhejiang Tiancheng Controls Co., Ltd. (SHSE:603085) With Shares Advancing 37%
Mar 06Financial Position Analysis
Short Term Liabilities: 603085's short term assets (CN¥1.7B) do not cover its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603085's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥538.6M).
Debt to Equity History and Analysis
Debt Level: 603085's net debt to equity ratio (61%) is considered high.
Reducing Debt: 603085's debt to equity ratio has increased from 76% to 89.7% over the past 5 years.
Debt Coverage: 603085's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: 603085's interest payments on its debt are not well covered by EBIT (0.6x coverage).