Tibet Development Balance Sheet Health
Financial Health criteria checks 6/6
Tibet Development has a total shareholder equity of CN¥559.6M and total debt of CN¥318.0M, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are CN¥928.7M and CN¥369.1M respectively. Tibet Development's EBIT is CN¥93.4M making its interest coverage ratio 7.3. It has cash and short-term investments of CN¥550.0M.
Key information
56.8%
Debt to equity ratio
CN¥317.98m
Debt
Interest coverage ratio | 7.3x |
Cash | CN¥550.04m |
Equity | CN¥559.64m |
Total liabilities | CN¥369.05m |
Total assets | CN¥928.70m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000752's short term assets (CN¥581.0M) exceed its short term liabilities (CN¥338.8M).
Long Term Liabilities: 000752's short term assets (CN¥581.0M) exceed its long term liabilities (CN¥30.2M).
Debt to Equity History and Analysis
Debt Level: 000752 has more cash than its total debt.
Reducing Debt: 000752's debt to equity ratio has reduced from 71.5% to 56.8% over the past 5 years.
Debt Coverage: 000752's debt is well covered by operating cash flow (29.3%).
Interest Coverage: 000752's interest payments on its debt are well covered by EBIT (7.3x coverage).