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¥399.3M, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are CN¥4.0B and CN¥1.7B respectively. Tianjin Benefo Tejing Electric's EBIT is CN¥98.5M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥781.2M.
Key information
17.3%
Debt to equity ratio
CN¥399.28m
Debt
| Interest coverage ratio | -3.1x |
| Cash | CN¥781.18m |
| Equity | CN¥2.31b |
| Total liabilities | CN¥1.71b |
| Total assets | CN¥4.02b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600468's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 600468's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥102.3M).
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 8.1% to 17.3% over the past 5 years.
Debt Coverage: 600468's debt is well covered by operating cash flow (52.2%).
Interest Coverage: 600468 earns more interest than it pays, so coverage of interest payments is not a concern.