TangshanJidong Equipment and EngineeringLtd Balance Sheet Health
Financial Health criteria checks 5/6
TangshanJidong Equipment and EngineeringLtd has a total shareholder equity of CN¥447.2M and total debt of CN¥120.8M, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are CN¥2.1B and CN¥1.6B respectively. TangshanJidong Equipment and EngineeringLtd's EBIT is CN¥35.5M making its interest coverage ratio 8.3. It has cash and short-term investments of CN¥110.0M.
Key information
27.0%
Debt to equity ratio
CN¥120.76m
Debt
Interest coverage ratio | 8.3x |
Cash | CN¥110.02m |
Equity | CN¥447.24m |
Total liabilities | CN¥1.63b |
Total assets | CN¥2.08b |
Financial Position Analysis
Short Term Liabilities: 000856's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 000856's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥12.9M).
Debt to Equity History and Analysis
Debt Level: 000856's net debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: 000856's debt to equity ratio has reduced from 83.8% to 27% over the past 5 years.
Debt Coverage: 000856's debt is not well covered by operating cash flow (2.4%).
Interest Coverage: 000856's interest payments on its debt are well covered by EBIT (8.3x coverage).