TJK Intelligent Equipment Manufacturing (Tianjin) Balance Sheet Health
Financial Health criteria checks 6/6
TJK Intelligent Equipment Manufacturing (Tianjin) has a total shareholder equity of CN¥964.0M and total debt of CN¥4.6M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥1.3B and CN¥289.4M respectively. TJK Intelligent Equipment Manufacturing (Tianjin)'s EBIT is CN¥50.6M making its interest coverage ratio -13.3. It has cash and short-term investments of CN¥228.8M.
Key information
0.5%
Debt to equity ratio
CN¥4.62m
Debt
| Interest coverage ratio | -13.3x |
| Cash | CN¥228.79m |
| Equity | CN¥963.99m |
| Total liabilities | CN¥289.37m |
| Total assets | CN¥1.25b |
Recent financial health updates
No updates
Recent updates
Tjk Machinery (Tianjin) (SZSE:300823) Will Pay A Larger Dividend Than Last Year At CN¥0.588
May 31
Solid Earnings Reflect Tjk Machinery (Tianjin)'s (SZSE:300823) Strength As A Business
Apr 30Tjk Machinery (Tianjin) (SZSE:300823) Is Reinvesting At Lower Rates Of Return
Apr 04Earnings Not Telling The Story For Tjk Machinery (Tianjin) Co., Ltd. (SZSE:300823) After Shares Rise 33%
Mar 07Financial Position Analysis
Short Term Liabilities: 300823's short term assets (CN¥773.6M) exceed its short term liabilities (CN¥267.5M).
Long Term Liabilities: 300823's short term assets (CN¥773.6M) exceed its long term liabilities (CN¥21.9M).
Debt to Equity History and Analysis
Debt Level: 300823 has more cash than its total debt.
Reducing Debt: 300823's debt to equity ratio has reduced from 19.6% to 0.5% over the past 5 years.
Debt Coverage: 300823's debt is well covered by operating cash flow (1797%).
Interest Coverage: 300823 earns more interest than it pays, so coverage of interest payments is not a concern.