TianJin JinRong TianYu Precision Machinery Balance Sheet Health
Financial Health criteria checks 4/6
TianJin JinRong TianYu Precision Machinery has a total shareholder equity of CN¥1.2B and total debt of CN¥527.3M, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are CN¥2.2B and CN¥990.2M respectively. TianJin JinRong TianYu Precision Machinery's EBIT is CN¥139.3M making its interest coverage ratio 10.2. It has cash and short-term investments of CN¥248.2M.
Key information
43.8%
Debt to equity ratio
CN¥527.31m
Debt
| Interest coverage ratio | 10.2x |
| Cash | CN¥248.17m |
| Equity | CN¥1.20b |
| Total liabilities | CN¥990.19m |
| Total assets | CN¥2.19b |
Recent financial health updates
No updates
Recent updates
Optimistic Investors Push TianJin JinRong TianYu Precision Machinery Inc. (SZSE:300988) Shares Up 27% But Growth Is Lacking
Oct 24
There's Reason For Concern Over TianJin JinRong TianYu Precision Machinery Inc.'s (SZSE:300988) Massive 27% Price Jump
Jul 02Investors Shouldn't Be Too Comfortable With TianJin JinRong TianYu Precision Machinery's (SZSE:300988) Earnings
Apr 15TianJin JinRong TianYu Precision Machinery Inc.'s (SZSE:300988) Shares Climb 40% But Its Business Is Yet to Catch Up
Apr 10Financial Position Analysis
Short Term Liabilities: 300988's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥858.8M).
Long Term Liabilities: 300988's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥131.4M).
Debt to Equity History and Analysis
Debt Level: 300988's net debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: 300988's debt to equity ratio has increased from 15.6% to 43.8% over the past 5 years.
Debt Coverage: 300988's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: 300988's interest payments on its debt are well covered by EBIT (10.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 12:47 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
TianJin JinRong TianYu Precision Machinery Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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