Tianjin Benefo Tejing Electric Balance Sheet Health
Financial Health criteria checks 5/6
Tianjin Benefo Tejing Electric has a total shareholder equity of CN¥2.3B and total debt of CN¥301.9M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are CN¥3.9B and CN¥1.6B respectively. Tianjin Benefo Tejing Electric's EBIT is CN¥103.1M making its interest coverage ratio -4.1. It has cash and short-term investments of CN¥672.5M.
Key information
13.1%
Debt to equity ratio
CN¥301.91m
Debt
| Interest coverage ratio | -4.1x |
| Cash | CN¥672.51m |
| Equity | CN¥2.31b |
| Total liabilities | CN¥1.62b |
| Total assets | CN¥3.92b |
Recent financial health updates
Is Tianjin Benefo Tejing Electric (SHSE:600468) Using Too Much Debt?
Sep 30
We Think Tianjin Benefo Tejing Electric (SHSE:600468) Can Manage Its Debt With Ease
Mar 04Recent updates
Concerns Surrounding Tianjin Benefo Tejing Electric's (SHSE:600468) Performance
Nov 05Subdued Growth No Barrier To Tianjin Benefo Tejing Electric Co., Ltd.'s (SHSE:600468) Price
Oct 28Is Tianjin Benefo Tejing Electric (SHSE:600468) Using Too Much Debt?
Sep 30Earnings Troubles May Signal Larger Issues for Tianjin Benefo Tejing Electric (SHSE:600468) Shareholders
Apr 24We Think Tianjin Benefo Tejing Electric (SHSE:600468) Can Manage Its Debt With Ease
Mar 04Financial Position Analysis
Short Term Liabilities: 600468's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 600468's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥83.6M).
Debt to Equity History and Analysis
Debt Level: 600468 has more cash than its total debt.
Reducing Debt: 600468's debt to equity ratio has increased from 5.4% to 13.1% over the past 5 years.
Debt Coverage: 600468's debt is well covered by operating cash flow (75.7%).
Interest Coverage: 600468 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 17:30 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Tianjin Benefo Tejing Electric Co., Ltd. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hui Chen | Bohai Securities Co., Ltd. |
| Xi Zhao | Shenwan Hongyuan Securities |