Beijing Tianyishangjia New Material Balance Sheet Health
Financial Health criteria checks 4/6
Beijing Tianyishangjia New Material has a total shareholder equity of CN¥5.2B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 38.6%. Its total assets and total liabilities are CN¥8.7B and CN¥3.5B respectively. Beijing Tianyishangjia New Material's EBIT is CN¥136.3M making its interest coverage ratio 84.7. It has cash and short-term investments of CN¥1.0B.
Key information
38.6%
Debt to equity ratio
CN¥2.00b
Debt
Interest coverage ratio | 84.7x |
Cash | CN¥1.04b |
Equity | CN¥5.20b |
Total liabilities | CN¥3.54b |
Total assets | CN¥8.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688033's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 688033's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥966.0M).
Debt to Equity History and Analysis
Debt Level: 688033's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: 688033's debt to equity ratio has increased from 0% to 38.6% over the past 5 years.
Debt Coverage: 688033's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688033's interest payments on its debt are well covered by EBIT (84.7x coverage).