Jiangsu Tongli Risheng Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Tongli Risheng Machinery has a total shareholder equity of CN¥2.2B and total debt of CN¥143.2M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are CN¥3.9B and CN¥1.8B respectively. Jiangsu Tongli Risheng Machinery's EBIT is CN¥422.8M making its interest coverage ratio -14.7. It has cash and short-term investments of CN¥547.9M.
Key information
6.6%
Debt to equity ratio
CN¥143.18m
Debt
| Interest coverage ratio | -14.7x |
| Cash | CN¥547.93m |
| Equity | CN¥2.17b |
| Total liabilities | CN¥1.78b |
| Total assets | CN¥3.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605286's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 605286's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥89.8M).
Debt to Equity History and Analysis
Debt Level: 605286 has more cash than its total debt.
Reducing Debt: 605286's debt to equity ratio has reduced from 37.3% to 6.6% over the past 5 years.
Debt Coverage: 605286's debt is well covered by operating cash flow (205%).
Interest Coverage: 605286 earns more interest than it pays, so coverage of interest payments is not a concern.