Taiyuan Heavy Industry Balance Sheet Health
Financial Health criteria checks 3/6
Taiyuan Heavy Industry has a total shareholder equity of CN¥6.5B and total debt of CN¥15.2B, which brings its debt-to-equity ratio to 232.1%. Its total assets and total liabilities are CN¥32.6B and CN¥26.1B respectively. Taiyuan Heavy Industry's EBIT is CN¥565.2M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥2.1B.
Key information
232.1%
Debt to equity ratio
CN¥15.18b
Debt
Interest coverage ratio | 1.6x |
Cash | CN¥2.08b |
Equity | CN¥6.54b |
Total liabilities | CN¥26.08b |
Total assets | CN¥32.62b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600169's short term assets (CN¥22.1B) exceed its short term liabilities (CN¥17.7B).
Long Term Liabilities: 600169's short term assets (CN¥22.1B) exceed its long term liabilities (CN¥8.4B).
Debt to Equity History and Analysis
Debt Level: 600169's net debt to equity ratio (200.2%) is considered high.
Reducing Debt: 600169's debt to equity ratio has reduced from 310.3% to 232.1% over the past 5 years.
Debt Coverage: 600169's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: 600169's interest payments on its debt are not well covered by EBIT (1.6x coverage).