Tianjin Hi-Tech Development Balance Sheet Health
Financial Health criteria checks 4/6
Tianjin Hi-Tech Development has a total shareholder equity of CN¥1.8B and total debt of CN¥775.7M, which brings its debt-to-equity ratio to 44.2%. Its total assets and total liabilities are CN¥2.8B and CN¥1.1B respectively. Tianjin Hi-Tech Development's EBIT is CN¥61.5M making its interest coverage ratio 1.1. It has cash and short-term investments of CN¥257.4M.
Key information
44.2%
Debt to equity ratio
CN¥775.71m
Debt
| Interest coverage ratio | 1.1x |
| Cash | CN¥257.41m |
| Equity | CN¥1.76b |
| Total liabilities | CN¥1.08b |
| Total assets | CN¥2.84b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600082's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥966.8M).
Long Term Liabilities: 600082's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥114.9M).
Debt to Equity History and Analysis
Debt Level: 600082's net debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: 600082's debt to equity ratio has increased from 39.9% to 44.2% over the past 5 years.
Debt Coverage: 600082's debt is well covered by operating cash flow (65.2%).
Interest Coverage: 600082's interest payments on its debt are not well covered by EBIT (1.1x coverage).