Tianjin Teda Balance Sheet Health
Financial Health criteria checks 2/6
Tianjin Teda has a total shareholder equity of CN¥6.6B and total debt of CN¥23.9B, which brings its debt-to-equity ratio to 363.4%. Its total assets and total liabilities are CN¥42.5B and CN¥35.9B respectively. Tianjin Teda's EBIT is CN¥831.0M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥3.2B.
Key information
363.4%
Debt to equity ratio
CN¥23.86b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CN¥3.23b |
| Equity | CN¥6.57b |
| Total liabilities | CN¥35.93b |
| Total assets | CN¥42.50b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000652's short term assets (CN¥28.6B) exceed its short term liabilities (CN¥25.8B).
Long Term Liabilities: 000652's short term assets (CN¥28.6B) exceed its long term liabilities (CN¥10.1B).
Debt to Equity History and Analysis
Debt Level: 000652's net debt to equity ratio (314.2%) is considered high.
Reducing Debt: 000652's debt to equity ratio has increased from 297.3% to 363.4% over the past 5 years.
Debt Coverage: 000652's debt is not well covered by operating cash flow (2.4%).
Interest Coverage: 000652's interest payments on its debt are not well covered by EBIT (1.4x coverage).