Qingdao Sentury Tire Balance Sheet Health
Financial Health criteria checks 6/6
Qingdao Sentury Tire has a total shareholder equity of CN¥12.2B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are CN¥16.1B and CN¥3.8B respectively. Qingdao Sentury Tire's EBIT is CN¥1.7B making its interest coverage ratio -17.4. It has cash and short-term investments of CN¥3.7B.
Key information
16.2%
Debt to equity ratio
CN¥1.98b
Debt
Interest coverage ratio | -17.4x |
Cash | CN¥3.66b |
Equity | CN¥12.24b |
Total liabilities | CN¥3.82b |
Total assets | CN¥16.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002984's short term assets (CN¥8.8B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 002984's short term assets (CN¥8.8B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 002984 has more cash than its total debt.
Reducing Debt: 002984's debt to equity ratio has reduced from 68.7% to 16.2% over the past 5 years.
Debt Coverage: 002984's debt is well covered by operating cash flow (120.1%).
Interest Coverage: 002984 earns more interest than it pays, so coverage of interest payments is not a concern.