Tianneng Battery Group Balance Sheet Health
Financial Health criteria checks 5/6
Tianneng Battery Group has a total shareholder equity of CN¥16.2B and total debt of CN¥10.2B, which brings its debt-to-equity ratio to 63%. Its total assets and total liabilities are CN¥45.4B and CN¥29.2B respectively. Tianneng Battery Group's EBIT is CN¥1.9B making its interest coverage ratio -7.4. It has cash and short-term investments of CN¥18.2B.
Key information
63.0%
Debt to equity ratio
CN¥10.23b
Debt
| Interest coverage ratio | -7.4x |
| Cash | CN¥18.19b |
| Equity | CN¥16.24b |
| Total liabilities | CN¥29.21b |
| Total assets | CN¥45.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688819's short term assets (CN¥31.8B) exceed its short term liabilities (CN¥25.1B).
Long Term Liabilities: 688819's short term assets (CN¥31.8B) exceed its long term liabilities (CN¥4.2B).
Debt to Equity History and Analysis
Debt Level: 688819 has more cash than its total debt.
Reducing Debt: 688819's debt to equity ratio has increased from 51.1% to 63% over the past 5 years.
Debt Coverage: 688819's debt is well covered by operating cash flow (23.4%).
Interest Coverage: 688819 earns more interest than it pays, so coverage of interest payments is not a concern.