Jiangsu Tongda Power TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Tongda Power TechnologyLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥38.0M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are CN¥1.7B and CN¥520.5M respectively. Jiangsu Tongda Power TechnologyLtd's EBIT is CN¥70.8M making its interest coverage ratio -23.3. It has cash and short-term investments of CN¥266.1M.
Key information
3.2%
Debt to equity ratio
CN¥38.01m
Debt
Interest coverage ratio | -23.3x |
Cash | CN¥266.08m |
Equity | CN¥1.20b |
Total liabilities | CN¥520.49m |
Total assets | CN¥1.72b |
Financial Position Analysis
Short Term Liabilities: 002576's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥496.8M).
Long Term Liabilities: 002576's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥23.7M).
Debt to Equity History and Analysis
Debt Level: 002576 has more cash than its total debt.
Reducing Debt: 002576's debt to equity ratio has increased from 1.7% to 3.2% over the past 5 years.
Debt Coverage: 002576's debt is well covered by operating cash flow (852.6%).
Interest Coverage: 002576 earns more interest than it pays, so coverage of interest payments is not a concern.