Tianrun Industry Technology Balance Sheet Health
Financial Health criteria checks 6/6
Tianrun Industry Technology has a total shareholder equity of CN¥6.0B and total debt of CN¥848.0M, which brings its debt-to-equity ratio to 14%. Its total assets and total liabilities are CN¥8.6B and CN¥2.5B respectively. Tianrun Industry Technology's EBIT is CN¥344.1M making its interest coverage ratio -12.2. It has cash and short-term investments of CN¥1.6B.
Key information
14.0%
Debt to equity ratio
CN¥848.02m
Debt
| Interest coverage ratio | -12.2x |
| Cash | CN¥1.60b |
| Equity | CN¥6.05b |
| Total liabilities | CN¥2.52b |
| Total assets | CN¥8.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002283's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 002283's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥156.3M).
Debt to Equity History and Analysis
Debt Level: 002283 has more cash than its total debt.
Reducing Debt: 002283's debt to equity ratio has reduced from 16.6% to 14% over the past 5 years.
Debt Coverage: 002283's debt is well covered by operating cash flow (98.2%).
Interest Coverage: 002283 earns more interest than it pays, so coverage of interest payments is not a concern.