Tianjin Binhai Energy & DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 4/6
Tianjin Binhai Energy & DevelopmentLtd has a total shareholder equity of CN¥232.6M and total debt of CN¥11.0M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are CN¥1.1B and CN¥876.8M respectively.
Key information
4.7%
Debt to equity ratio
CN¥11.02m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥34.93m |
| Equity | CN¥232.61m |
| Total liabilities | CN¥876.81m |
| Total assets | CN¥1.11b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000695's short term assets (CN¥410.1M) do not cover its short term liabilities (CN¥670.0M).
Long Term Liabilities: 000695's short term assets (CN¥410.1M) exceed its long term liabilities (CN¥206.8M).
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 8.6% to 4.7% over the past 5 years.
Debt Coverage: 000695's debt is well covered by operating cash flow (663.7%).
Interest Coverage: Insufficient data to determine if 000695's interest payments on its debt are well covered by EBIT.