Beijing Tianyishangjia New Material Balance Sheet Health
Financial Health criteria checks 3/6
Beijing Tianyishangjia New Material has a total shareholder equity of CN¥5.2B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are CN¥8.7B and CN¥3.5B respectively. Beijing Tianyishangjia New Material's EBIT is CN¥71.1M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥1.0B.
Key information
34.2%
Debt to equity ratio
CN¥1.78b
Debt
Interest coverage ratio | 1.7x |
Cash | CN¥1.04b |
Equity | CN¥5.20b |
Total liabilities | CN¥3.54b |
Total assets | CN¥8.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688033's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 688033's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥966.0M).
Debt to Equity History and Analysis
Debt Level: 688033's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: 688033's debt to equity ratio has increased from 0% to 34.2% over the past 5 years.
Debt Coverage: 688033's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688033's interest payments on its debt are not well covered by EBIT (1.7x coverage).