Changshu Tianyin ElectromechanicalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Changshu Tianyin ElectromechanicalLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥52.7M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are CN¥2.2B and CN¥657.6M respectively. Changshu Tianyin ElectromechanicalLtd's EBIT is CN¥79.4M making its interest coverage ratio 44.2. It has cash and short-term investments of CN¥209.2M.
Key information
3.4%
Debt to equity ratio
CN¥52.68m
Debt
| Interest coverage ratio | 44.2x |
| Cash | CN¥209.22m |
| Equity | CN¥1.55b |
| Total liabilities | CN¥657.56m |
| Total assets | CN¥2.21b |
Recent financial health updates
Recent updates
Changshu Tianyin Electromechanical Co.,Ltd's (SZSE:300342) Shares Climb 48% But Its Business Is Yet to Catch Up
Oct 08
We Think Changshu Tianyin ElectromechanicalLtd (SZSE:300342) Can Manage Its Debt With Ease
Sep 25Some Confidence Is Lacking In Changshu Tianyin Electromechanical Co.,Ltd's (SZSE:300342) P/S
Jun 26Returns On Capital At Changshu Tianyin ElectromechanicalLtd (SZSE:300342) Paint A Concerning Picture
May 22There May Be Some Bright Spots In Changshu Tianyin ElectromechanicalLtd's (SZSE:300342) Earnings
May 02Changshu Tianyin Electromechanical Co.,Ltd's (SZSE:300342) 33% Price Boost Is Out Of Tune With Revenues
Mar 04Financial Position Analysis
Short Term Liabilities: 300342's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥628.0M).
Long Term Liabilities: 300342's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥29.6M).
Debt to Equity History and Analysis
Debt Level: 300342 has more cash than its total debt.
Reducing Debt: 300342's debt to equity ratio has reduced from 10.1% to 3.4% over the past 5 years.
Debt Coverage: 300342's debt is well covered by operating cash flow (222.2%).
Interest Coverage: 300342's interest payments on its debt are well covered by EBIT (44.2x coverage).