Qingdao Tianneng Heavy IndustriesLtd Balance Sheet Health
Financial Health criteria checks 2/6
Qingdao Tianneng Heavy IndustriesLtd has a total shareholder equity of CN¥5.6B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 68.1%. Its total assets and total liabilities are CN¥12.1B and CN¥6.5B respectively. Qingdao Tianneng Heavy IndustriesLtd's EBIT is CN¥224.3M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥912.0M.
Key information
68.1%
Debt to equity ratio
CN¥3.84b
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥912.01m |
| Equity | CN¥5.64b |
| Total liabilities | CN¥6.50b |
| Total assets | CN¥12.14b |
Recent financial health updates
No updates
Recent updates
There's Reason For Concern Over Qingdao Tianneng Heavy Industries Co.,Ltd's (SZSE:300569) Massive 49% Price Jump
Oct 08
Qingdao Tianneng Heavy Industries Co.,Ltd's (SZSE:300569) Prospects Need A Boost To Lift Shares
Jul 25Qingdao Tianneng Heavy IndustriesLtd's (SZSE:300569) Profits May Not Reveal Underlying Issues
May 08Qingdao Tianneng Heavy Industries Co.,Ltd's (SZSE:300569) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
Mar 06Financial Position Analysis
Short Term Liabilities: 300569's short term assets (CN¥6.5B) exceed its short term liabilities (CN¥3.7B).
Long Term Liabilities: 300569's short term assets (CN¥6.5B) exceed its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 300569's net debt to equity ratio (51.9%) is considered high.
Reducing Debt: 300569's debt to equity ratio has increased from 29% to 68.1% over the past 5 years.
Debt Coverage: 300569's debt is not well covered by operating cash flow (0.4%).
Interest Coverage: 300569's interest payments on its debt are not well covered by EBIT (1.2x coverage).