Jiangsu TongLin ElectricLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu TongLin ElectricLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥99.4M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are CN¥3.4B and CN¥1.2B respectively. Jiangsu TongLin ElectricLtd's EBIT is CN¥184.5M making its interest coverage ratio -11.9. It has cash and short-term investments of CN¥1.5B.
Key information
4.5%
Debt to equity ratio
CN¥99.36m
Debt
Interest coverage ratio | -11.9x |
Cash | CN¥1.45b |
Equity | CN¥2.20b |
Total liabilities | CN¥1.18b |
Total assets | CN¥3.38b |
Financial Position Analysis
Short Term Liabilities: 301168's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 301168's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥42.0M).
Debt to Equity History and Analysis
Debt Level: 301168 has more cash than its total debt.
Reducing Debt: 301168's debt to equity ratio has increased from 2.7% to 4.5% over the past 5 years.
Debt Coverage: 301168's debt is well covered by operating cash flow (114.2%).
Interest Coverage: 301168 earns more interest than it pays, so coverage of interest payments is not a concern.