Tianjin Binhai Energy & DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tianjin Binhai Energy & DevelopmentLtd has a total shareholder equity of CN¥296.9M and total debt of CN¥11.0M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥1.3B and CN¥992.4M respectively. Tianjin Binhai Energy & DevelopmentLtd's EBIT is CN¥1.7M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥15.0M.
Key information
3.7%
Debt to equity ratio
CN¥11.01m
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥15.01m |
| Equity | CN¥296.88m |
| Total liabilities | CN¥992.40m |
| Total assets | CN¥1.29b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000695's short term assets (CN¥437.8M) do not cover its short term liabilities (CN¥797.8M).
Long Term Liabilities: 000695's short term assets (CN¥437.8M) exceed its long term liabilities (CN¥194.6M).
Debt to Equity History and Analysis
Debt Level: 000695 has more cash than its total debt.
Reducing Debt: 000695's debt to equity ratio has reduced from 10.3% to 3.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 000695 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 000695 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 22.6% each year