China Tianying Balance Sheet Health
Financial Health criteria checks 1/6
China Tianying has a total shareholder equity of CN¥10.7B and total debt of CN¥8.7B, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are CN¥27.6B and CN¥16.9B respectively. China Tianying's EBIT is CN¥900.3M making its interest coverage ratio 3.4. It has cash and short-term investments of CN¥1.8B.
Key information
81.5%
Debt to equity ratio
CN¥8.74b
Debt
Interest coverage ratio | 3.4x |
Cash | CN¥1.80b |
Equity | CN¥10.72b |
Total liabilities | CN¥16.90b |
Total assets | CN¥27.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000035's short term assets (CN¥5.9B) do not cover its short term liabilities (CN¥7.8B).
Long Term Liabilities: 000035's short term assets (CN¥5.9B) do not cover its long term liabilities (CN¥9.1B).
Debt to Equity History and Analysis
Debt Level: 000035's net debt to equity ratio (64.8%) is considered high.
Reducing Debt: 000035's debt to equity ratio has increased from 70.5% to 81.5% over the past 5 years.
Debt Coverage: 000035's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: 000035's interest payments on its debt are well covered by EBIT (3.4x coverage).