Tongyu Heavy Industry Balance Sheet Health
Financial Health criteria checks 3/6
Tongyu Heavy Industry has a total shareholder equity of CN¥7.0B and total debt of CN¥6.1B, which brings its debt-to-equity ratio to 85.9%. Its total assets and total liabilities are CN¥15.4B and CN¥8.4B respectively. Tongyu Heavy Industry's EBIT is CN¥452.1M making its interest coverage ratio -1005.9. It has cash and short-term investments of CN¥1.4B.
Key information
85.9%
Debt to equity ratio
CN¥6.05b
Debt
Interest coverage ratio | -1005.9x |
Cash | CN¥1.43b |
Equity | CN¥7.05b |
Total liabilities | CN¥8.36b |
Total assets | CN¥15.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300185's short term assets (CN¥7.8B) exceed its short term liabilities (CN¥6.3B).
Long Term Liabilities: 300185's short term assets (CN¥7.8B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 300185's net debt to equity ratio (65.6%) is considered high.
Reducing Debt: 300185's debt to equity ratio has increased from 70.3% to 85.9% over the past 5 years.
Debt Coverage: 300185's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300185 earns more interest than it pays, so coverage of interest payments is not a concern.