Tianjin Jieqiang Power EquipmentLtd Balance Sheet Health
Financial Health criteria checks 5/6
Tianjin Jieqiang Power EquipmentLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥6.4M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥1.5B and CN¥200.9M respectively.
Key information
0.5%
Debt to equity ratio
CN¥6.38m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥411.86m |
| Equity | CN¥1.32b |
| Total liabilities | CN¥200.91m |
| Total assets | CN¥1.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300875's short term assets (CN¥879.8M) exceed its short term liabilities (CN¥180.1M).
Long Term Liabilities: 300875's short term assets (CN¥879.8M) exceed its long term liabilities (CN¥20.8M).
Debt to Equity History and Analysis
Debt Level: 300875 has more cash than its total debt.
Reducing Debt: 300875's debt to equity ratio has reduced from 2.9% to 0.5% over the past 5 years.
Debt Coverage: 300875's debt is well covered by operating cash flow (649.7%).
Interest Coverage: Insufficient data to determine if 300875's interest payments on its debt are well covered by EBIT.