TangshanJidong Equipment and EngineeringLtd Balance Sheet Health
Financial Health criteria checks 5/6
TangshanJidong Equipment and EngineeringLtd has a total shareholder equity of CN¥444.7M and total debt of CN¥191.8M, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are CN¥2.2B and CN¥1.7B respectively. TangshanJidong Equipment and EngineeringLtd's EBIT is CN¥27.0M making its interest coverage ratio 28.9. It has cash and short-term investments of CN¥122.5M.
Key information
43.1%
Debt to equity ratio
CN¥191.84m
Debt
| Interest coverage ratio | 28.9x |
| Cash | CN¥122.50m |
| Equity | CN¥444.72m |
| Total liabilities | CN¥1.71b |
| Total assets | CN¥2.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000856's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 000856's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥6.6M).
Debt to Equity History and Analysis
Debt Level: 000856's net debt to equity ratio (15.6%) is considered satisfactory.
Reducing Debt: 000856's debt to equity ratio has reduced from 101.6% to 43.1% over the past 5 years.
Debt Coverage: 000856's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000856's interest payments on its debt are well covered by EBIT (28.9x coverage).