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¥96.1M, which brings its debt-to-equity ratio to 7.9%. Its total assets and total liabilities are CN¥2.5B and CN¥1.3B respectively.
Key information
7.9%
Debt to equity ratio
CN¥96.13m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥321.91m |
| Equity | CN¥1.21b |
| Total liabilities | CN¥1.31b |
| Total assets | CN¥2.52b |
Recent financial health updates
No updates
Recent updates
Taier Heavy Industry Co., Ltd. (SZSE:002347) Stock Rockets 51% As Investors Are Less Pessimistic Than Expected
Oct 10
Risks To Shareholder Returns Are Elevated At These Prices For Taier Heavy Industry Co., Ltd. (SZSE:002347)
Jul 27Taier Heavy Industry Co., Ltd. (SZSE:002347) Looks Inexpensive After Falling 26% But Perhaps Not Attractive Enough
Apr 22Taier Heavy Industry Co., Ltd.'s (SZSE:002347) Share Price Boosted 41% But Its Business Prospects Need A Lift Too
Mar 07Financial Position Analysis
Short Term Liabilities: 002347's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002347's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥44.8M).
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 23.5% to 7.9% 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: Whilst unprofitable 002347 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002347 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 0.2% per year.