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¥1.0B and total debt of CN¥9.2M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥1.3B and CN¥254.3M respectively. TJK Intelligent Equipment Manufacturing (Tianjin)'s EBIT is CN¥57.1M making its interest coverage ratio -9.7. It has cash and short-term investments of CN¥229.7M.
Key information
0.9%
Debt to equity ratio
CN¥9.24m
Debt
Interest coverage ratio | -9.7x |
Cash | CN¥229.71m |
Equity | CN¥1.00b |
Total liabilities | CN¥254.32m |
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 31Solid 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¥774.7M) exceed its short term liabilities (CN¥231.3M).
Long Term Liabilities: 300823's short term assets (CN¥774.7M) exceed its long term liabilities (CN¥23.0M).
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 28.1% to 0.9% over the past 5 years.
Debt Coverage: 300823's debt is well covered by operating cash flow (249%).
Interest Coverage: 300823 earns more interest than it pays, so coverage of interest payments is not a concern.