Qingdao Tianneng Heavy IndustriesLtd Balance Sheet Health
Financial Health criteria checks 2/6
Qingdao Tianneng Heavy IndustriesLtd has a total shareholder equity of CN¥5.7B and total debt of CN¥3.9B, which brings its debt-to-equity ratio to 67.7%. Its total assets and total liabilities are CN¥12.4B and CN¥6.6B respectively. Qingdao Tianneng Heavy IndustriesLtd's EBIT is CN¥438.2M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥1.4B.
Key information
67.7%
Debt to equity ratio
CN¥3.89b
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥1.37b |
| Equity | CN¥5.75b |
| Total liabilities | CN¥6.64b |
| Total assets | CN¥12.39b |
Financial Position Analysis
Short Term Liabilities: 300569's short term assets (CN¥6.6B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 300569's short term assets (CN¥6.6B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 300569's net debt to equity ratio (43.8%) is considered high.
Reducing Debt: 300569's debt to equity ratio has increased from 34.2% to 67.7% over the past 5 years.
Debt Coverage: 300569's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300569's interest payments on its debt are not well covered by EBIT (2.5x coverage).