China Tianying Balance Sheet Health
Financial Health criteria checks 1/6
China Tianying has a total shareholder equity of CN¥10.8B and total debt of CN¥8.1B, which brings its debt-to-equity ratio to 74.3%. Its total assets and total liabilities are CN¥28.1B and CN¥17.3B respectively. China Tianying's EBIT is CN¥833.8M making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥1.4B.
Key information
74.3%
Debt to equity ratio
CN¥8.06b
Debt
Interest coverage ratio | 3.2x |
Cash | CN¥1.38b |
Equity | CN¥10.84b |
Total liabilities | CN¥17.28b |
Total assets | CN¥28.11b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000035's short term assets (CN¥5.4B) do not cover its short term liabilities (CN¥8.0B).
Long Term Liabilities: 000035's short term assets (CN¥5.4B) do not cover its long term liabilities (CN¥9.3B).
Debt to Equity History and Analysis
Debt Level: 000035's net debt to equity ratio (61.6%) is considered high.
Reducing Debt: 000035's debt to equity ratio has increased from 68.7% to 74.3% over the past 5 years.
Debt Coverage: 000035's debt is not well covered by operating cash flow (6%).
Interest Coverage: 000035's interest payments on its debt are well covered by EBIT (3.2x coverage).