Tianneng Battery Group Balance Sheet Health
Financial Health criteria checks 6/6
Tianneng Battery Group has a total shareholder equity of CN¥16.0B and total debt of CN¥8.1B, which brings its debt-to-equity ratio to 50.6%. Its total assets and total liabilities are CN¥42.0B and CN¥26.1B respectively. Tianneng Battery Group's EBIT is CN¥1.9B making its interest coverage ratio -5.8. It has cash and short-term investments of CN¥15.3B.
Key information
50.6%
Debt to equity ratio
CN¥8.07b
Debt
| Interest coverage ratio | -5.8x |
| Cash | CN¥15.35b |
| Equity | CN¥15.96b |
| Total liabilities | CN¥26.06b |
| Total assets | CN¥42.03b |
Recent financial health updates
Is Tianneng Battery Group (SHSE:688819) A Risky Investment?
Jul 12
Is Tianneng Battery Group (SHSE:688819) Using Too Much Debt?
Feb 28Recent updates
A Look At The Intrinsic Value Of Tianneng Battery Group Co., Ltd. (SHSE:688819)
Sep 25Investors Aren't Buying Tianneng Battery Group Co., Ltd.'s (SHSE:688819) Earnings
Sep 04Is Tianneng Battery Group (SHSE:688819) A Risky Investment?
Jul 12Some Investors May Be Worried About Tianneng Battery Group's (SHSE:688819) Returns On Capital
May 30Concerns Surrounding Tianneng Battery Group's (SHSE:688819) Performance
May 03Tianneng Battery Group Co., Ltd. (SHSE:688819) Shares Fly 26% But Investors Aren't Buying For Growth
Mar 06Is Tianneng Battery Group (SHSE:688819) Using Too Much Debt?
Feb 28Financial Position Analysis
Short Term Liabilities: 688819's short term assets (CN¥28.4B) exceed its short term liabilities (CN¥22.0B).
Long Term Liabilities: 688819's short term assets (CN¥28.4B) 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 50.6% over the past 5 years.
Debt Coverage: 688819's debt is well covered by operating cash flow (33.2%).
Interest Coverage: 688819 earns more interest than it pays, so coverage of interest payments is not a concern.