Tianneng Battery Group Balance Sheet Health
Financial Health criteria checks 6/6
Tianneng Battery Group has a total shareholder equity of CN¥16.1B and total debt of CN¥9.8B, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are CN¥43.2B and CN¥27.1B respectively. Tianneng Battery Group's EBIT is CN¥1.8B making its interest coverage ratio -8.7. It has cash and short-term investments of CN¥18.4B.
Key information
60.5%
Debt to equity ratio
CN¥9.76b
Debt
Interest coverage ratio | -8.7x |
Cash | CN¥18.43b |
Equity | CN¥16.15b |
Total liabilities | CN¥27.06b |
Total assets | CN¥43.21b |
Financial Position Analysis
Short Term Liabilities: 688819's short term assets (CN¥29.7B) exceed its short term liabilities (CN¥23.0B).
Long Term Liabilities: 688819's short term assets (CN¥29.7B) exceed its long term liabilities (CN¥4.1B).
Debt to Equity History and Analysis
Debt Level: 688819 has more cash than its total debt.
Reducing Debt: 688819's debt to equity ratio has reduced from 76.4% to 60.5% over the past 5 years.
Debt Coverage: 688819's debt is well covered by operating cash flow (45%).
Interest Coverage: 688819 earns more interest than it pays, so coverage of interest payments is not a concern.