Tianjin Guoan Mengguli New Materials Science & Technology Balance Sheet Health
Financial Health criteria checks 5/6
Tianjin Guoan Mengguli New Materials Science & Technology has a total shareholder equity of CN¥2.0B and total debt of CN¥667.9M, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are CN¥3.6B and CN¥1.6B respectively. Tianjin Guoan Mengguli New Materials Science & Technology's EBIT is CN¥57.3M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥334.8M.
Key information
33.5%
Debt to equity ratio
CN¥667.91m
Debt
Interest coverage ratio | 2.1x |
Cash | CN¥334.81m |
Equity | CN¥2.00b |
Total liabilities | CN¥1.64b |
Total assets | CN¥3.64b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301487's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 301487's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥196.2M).
Debt to Equity History and Analysis
Debt Level: 301487's net debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: 301487's debt to equity ratio has reduced from 65.1% to 33.5% over the past 5 years.
Debt Coverage: 301487's debt is well covered by operating cash flow (38.4%).
Interest Coverage: 301487's interest payments on its debt are not well covered by EBIT (2.1x coverage).