Changshu Tianyin ElectromechanicalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Changshu Tianyin ElectromechanicalLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥35.5M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are CN¥2.2B and CN¥618.6M respectively. Changshu Tianyin ElectromechanicalLtd's EBIT is CN¥45.1M making its interest coverage ratio 24.3. It has cash and short-term investments of CN¥178.0M.
Key information
2.3%
Debt to equity ratio
CN¥35.48m
Debt
Interest coverage ratio | 24.3x |
Cash | CN¥178.02m |
Equity | CN¥1.54b |
Total liabilities | CN¥618.61m |
Total assets | CN¥2.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300342's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥605.2M).
Long Term Liabilities: 300342's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥13.4M).
Debt to Equity History and Analysis
Debt Level: 300342 has more cash than its total debt.
Reducing Debt: 300342's debt to equity ratio has reduced from 14.5% to 2.3% over the past 5 years.
Debt Coverage: 300342's debt is well covered by operating cash flow (414.2%).
Interest Coverage: 300342's interest payments on its debt are well covered by EBIT (24.3x coverage).