Tayho Advanced Materials Group Balance Sheet Health
Financial Health criteria checks 4/6
Tayho Advanced Materials Group has a total shareholder equity of CN¥8.1B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are CN¥14.4B and CN¥6.3B respectively. Tayho Advanced Materials Group's EBIT is CN¥244.8M making its interest coverage ratio -4.9. It has cash and short-term investments of CN¥2.4B.
Key information
36.1%
Debt to equity ratio
CN¥2.93b
Debt
Interest coverage ratio | -4.9x |
Cash | CN¥2.39b |
Equity | CN¥8.11b |
Total liabilities | CN¥6.33b |
Total assets | CN¥14.44b |
Financial Position Analysis
Short Term Liabilities: 002254's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥4.2B).
Long Term Liabilities: 002254's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 002254's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: 002254's debt to equity ratio has increased from 0.9% to 36.1% over the past 5 years.
Debt Coverage: 002254's debt is not well covered by operating cash flow (1.9%).
Interest Coverage: 002254 earns more interest than it pays, so coverage of interest payments is not a concern.