China Tianying Balance Sheet Health
Financial Health criteria checks 1/6
China Tianying has a total shareholder equity of CN¥11.0B and total debt of CN¥10.9B, which brings its debt-to-equity ratio to 99.4%. Its total assets and total liabilities are CN¥28.4B and CN¥17.5B respectively. China Tianying's EBIT is CN¥1.0B making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥1.6B.
Key information
99.4%
Debt to equity ratio
CN¥10.92b
Debt
| Interest coverage ratio | 2.7x |
| Cash | CN¥1.65b |
| Equity | CN¥10.99b |
| Total liabilities | CN¥17.46b |
| Total assets | CN¥28.45b |
Recent financial health updates
Is China Tianying (SZSE:000035) A Risky Investment?
Sep 04
China Tianying (SZSE:000035) Has A Somewhat Strained Balance Sheet
Mar 25Recent updates
Is China Tianying (SZSE:000035) A Risky Investment?
Sep 04It's A Story Of Risk Vs Reward With China Tianying Inc. (SZSE:000035)
Jul 12China Tianying (SZSE:000035) Is Looking To Continue Growing Its Returns On Capital
May 31China Tianying's (SZSE:000035) Solid Earnings May Rest On Weak Foundations
May 06China Tianying (SZSE:000035) Has A Somewhat Strained Balance Sheet
Mar 25Investors Still Aren't Entirely Convinced By China Tianying Inc.'s (SZSE:000035) Earnings Despite 26% Price Jump
Mar 06Financial Position Analysis
Short Term Liabilities: 000035's short term assets (CN¥5.5B) do not cover its short term liabilities (CN¥8.2B).
Long Term Liabilities: 000035's short term assets (CN¥5.5B) 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 (84.3%) is considered high.
Reducing Debt: 000035's debt to equity ratio has reduced from 171.5% to 99.4% over the past 5 years.
Debt Coverage: 000035's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: 000035's interest payments on its debt are not well covered by EBIT (2.7x coverage).