Zhuzhou Tianqiao Crane Balance Sheet Health
Financial Health criteria checks 6/6
Zhuzhou Tianqiao Crane has a total shareholder equity of CN¥2.4B and total debt of CN¥264.9M, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are CN¥4.4B and CN¥1.9B respectively. Zhuzhou Tianqiao Crane's EBIT is CN¥3.2M making its interest coverage ratio -0.8. It has cash and short-term investments of CN¥716.5M.
Key information
10.9%
Debt to equity ratio
CN¥264.94m
Debt
Interest coverage ratio | -0.8x |
Cash | CN¥716.54m |
Equity | CN¥2.44b |
Total liabilities | CN¥1.92b |
Total assets | CN¥4.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002523's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 002523's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥168.4M).
Debt to Equity History and Analysis
Debt Level: 002523 has more cash than its total debt.
Reducing Debt: 002523's debt to equity ratio has reduced from 17.6% to 10.9% over the past 5 years.
Debt Coverage: 002523's debt is well covered by operating cash flow (105.7%).
Interest Coverage: 002523 earns more interest than it pays, so coverage of interest payments is not a concern.