Taier Heavy Industry Balance Sheet Health
Financial Health criteria checks 6/6
Taier Heavy Industry has a total shareholder equity of CN¥1.2B and total debt of CN¥125.4M, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are CN¥2.4B and CN¥1.2B respectively.
Key information
10.2%
Debt to equity ratio
CN¥125.40m
Debt
Interest coverage ratio | n/a |
Cash | CN¥302.98m |
Equity | CN¥1.22b |
Total liabilities | CN¥1.23b |
Total assets | CN¥2.45b |
Financial Position Analysis
Short Term Liabilities: 002347's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002347's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥41.8M).
Debt to Equity History and Analysis
Debt Level: 002347 has more cash than its total debt.
Reducing Debt: 002347's debt to equity ratio has reduced from 29.5% to 10.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 002347 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 002347 has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 11.8% each year