Tianrun Industry Technology Balance Sheet Health
Financial Health criteria checks 6/6
Tianrun Industry Technology has a total shareholder equity of CN¥6.1B and total debt of CN¥348.7M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are CN¥8.5B and CN¥2.4B respectively. Tianrun Industry Technology's EBIT is CN¥390.5M making its interest coverage ratio -57.9. It has cash and short-term investments of CN¥1.2B.
Key information
5.7%
Debt to equity ratio
CN¥348.70m
Debt
| Interest coverage ratio | -57.9x |
| Cash | CN¥1.16b |
| Equity | CN¥6.12b |
| Total liabilities | CN¥2.38b |
| Total assets | CN¥8.51b |
Recent financial health updates
Recent updates
Earnings Miss: Here's What Tianrun Industry Technology Co., Ltd. (SZSE:002283) Analysts Are Forecasting For This Year
Mar 24
Market Might Still Lack Some Conviction On Tianrun Industry Technology Co., Ltd. (SZSE:002283) Even After 29% Share Price Boost
Mar 06Is Tianrun Industry Technology (SZSE:002283) Using Too Much Debt?
Feb 27Financial Position Analysis
Short Term Liabilities: 002283's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 002283's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥167.6M).
Debt to Equity History and Analysis
Debt Level: 002283 has more cash than its total debt.
Reducing Debt: 002283's debt to equity ratio has reduced from 19.5% to 5.7% over the past 5 years.
Debt Coverage: 002283's debt is well covered by operating cash flow (258.2%).
Interest Coverage: 002283 earns more interest than it pays, so coverage of interest payments is not a concern.