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¥473.1M, which brings its debt-to-equity ratio to 39.6%. Its total assets and total liabilities are CN¥2.1B and CN¥864.1M respectively. TianJin JinRong TianYu Precision Machinery's EBIT is CN¥100.2M making its interest coverage ratio 17.4. It has cash and short-term investments of CN¥257.1M.
Key information
39.6%
Debt to equity ratio
CN¥473.08m
Debt
| Interest coverage ratio | 17.4x |
| Cash | CN¥257.12m |
| Equity | CN¥1.20b |
| Total liabilities | CN¥864.13m |
| Total assets | CN¥2.06b |
Financial Position Analysis
Short Term Liabilities: 300988's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥752.7M).
Long Term Liabilities: 300988's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥111.4M).
Debt to Equity History and Analysis
Debt Level: 300988's net debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: 300988's debt to equity ratio has increased from 16.1% to 39.6% over the past 5 years.
Debt Coverage: 300988's debt is not well covered by operating cash flow (9.8%).
Interest Coverage: 300988's interest payments on its debt are well covered by EBIT (17.4x coverage).