Shiyan Taixiang IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shiyan Taixiang IndustryLtd has a total shareholder equity of CN¥581.1M and total debt of CN¥142.2M, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are CN¥830.5M and CN¥249.4M respectively. Shiyan Taixiang IndustryLtd's EBIT is CN¥33.7M making its interest coverage ratio -19.3. It has cash and short-term investments of CN¥289.3M.
Key information
24.5%
Debt to equity ratio
CN¥142.23m
Debt
Interest coverage ratio | -19.3x |
Cash | CN¥289.26m |
Equity | CN¥581.09m |
Total liabilities | CN¥249.38m |
Total assets | CN¥830.47m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301192's short term assets (CN¥481.3M) exceed its short term liabilities (CN¥134.8M).
Long Term Liabilities: 301192's short term assets (CN¥481.3M) exceed its long term liabilities (CN¥114.5M).
Debt to Equity History and Analysis
Debt Level: 301192 has more cash than its total debt.
Reducing Debt: 301192's debt to equity ratio has increased from 0% to 24.5% over the past 5 years.
Debt Coverage: 301192's debt is well covered by operating cash flow (42.1%).
Interest Coverage: 301192 earns more interest than it pays, so coverage of interest payments is not a concern.