Tayho Advanced Materials Group Balance Sheet Health
Financial Health criteria checks 4/6
Tayho Advanced Materials Group has a total shareholder equity of CN¥7.9B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are CN¥14.7B and CN¥6.8B respectively. Tayho Advanced Materials Group's EBIT is CN¥61.4M making its interest coverage ratio -1.1. It has cash and short-term investments of CN¥2.1B.
Key information
47.8%
Debt to equity ratio
CN¥3.76b
Debt
| Interest coverage ratio | -1.1x |
| Cash | CN¥2.09b |
| Equity | CN¥7.87b |
| Total liabilities | CN¥6.82b |
| Total assets | CN¥14.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002254's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 002254's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 002254's net debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: 002254's debt to equity ratio has increased from 28.3% to 47.8% over the past 5 years.
Debt Coverage: 002254's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: 002254 earns more interest than it pays, so coverage of interest payments is not a concern.