Tianjin Teda Balance Sheet Health
Financial Health criteria checks 3/6
Tianjin Teda has a total shareholder equity of CN¥6.6B and total debt of CN¥20.5B, which brings its debt-to-equity ratio to 312.1%. Its total assets and total liabilities are CN¥41.0B and CN¥34.4B respectively. Tianjin Teda's EBIT is CN¥824.4M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥2.9B.
Key information
312.1%
Debt to equity ratio
CN¥20.49b
Debt
Interest coverage ratio | 1.7x |
Cash | CN¥2.93b |
Equity | CN¥6.56b |
Total liabilities | CN¥34.40b |
Total assets | CN¥40.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000652's short term assets (CN¥27.1B) exceed its short term liabilities (CN¥25.3B).
Long Term Liabilities: 000652's short term assets (CN¥27.1B) exceed its long term liabilities (CN¥9.1B).
Debt to Equity History and Analysis
Debt Level: 000652's net debt to equity ratio (267.4%) is considered high.
Reducing Debt: 000652's debt to equity ratio has reduced from 376.7% to 312.1% over the past 5 years.
Debt Coverage: 000652's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: 000652's interest payments on its debt are not well covered by EBIT (1.7x coverage).