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).