Jiangsu Tongrun Equipment TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Tongrun Equipment TechnologyLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are CN¥4.1B and CN¥2.2B respectively. Jiangsu Tongrun Equipment TechnologyLtd's EBIT is CN¥148.9M making its interest coverage ratio 14.3. It has cash and short-term investments of CN¥892.2M.
Key information
54.8%
Debt to equity ratio
CN¥1.03b
Debt
| Interest coverage ratio | 14.3x |
| Cash | CN¥892.24m |
| Equity | CN¥1.88b |
| Total liabilities | CN¥2.22b |
| Total assets | CN¥4.11b |
Financial Position Analysis
Short Term Liabilities: 002150's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002150's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥728.7M).
Debt to Equity History and Analysis
Debt Level: 002150's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: 002150's debt to equity ratio has increased from 1% to 54.8% over the past 5 years.
Debt Coverage: 002150's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: 002150's interest payments on its debt are well covered by EBIT (14.3x coverage).