Tianjin Benefo Tejing Electric Balance Sheet Health
Financial Health criteria checks 5/6
Tianjin Benefo Tejing Electric has a total shareholder equity of CN¥2.3B and total debt of CN¥373.8M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are CN¥3.9B and CN¥1.6B respectively. Tianjin Benefo Tejing Electric's EBIT is CN¥119.5M making its interest coverage ratio -5.2. It has cash and short-term investments of CN¥678.2M.
Key information
16.4%
Debt to equity ratio
CN¥373.76m
Debt
Interest coverage ratio | -5.2x |
Cash | CN¥678.23m |
Equity | CN¥2.28b |
Total liabilities | CN¥1.61b |
Total assets | CN¥3.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600468's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 600468's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥74.5M).
Debt to Equity History and Analysis
Debt Level: 600468 has more cash than its total debt.
Reducing Debt: 600468's debt to equity ratio has increased from 9.3% to 16.4% over the past 5 years.
Debt Coverage: 600468's debt is well covered by operating cash flow (55.9%).
Interest Coverage: 600468 earns more interest than it pays, so coverage of interest payments is not a concern.