Tianshui Zhongxing Bio-technologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tianshui Zhongxing Bio-technologyLtd has a total shareholder equity of CN¥3.5B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 72.4%. Its total assets and total liabilities are CN¥6.5B and CN¥3.0B respectively. Tianshui Zhongxing Bio-technologyLtd's EBIT is CN¥8.5M making its interest coverage ratio 0.2. It has cash and short-term investments of CN¥1.8B.
Key information
72.4%
Debt to equity ratio
CN¥2.51b
Debt
Interest coverage ratio | 0.2x |
Cash | CN¥1.79b |
Equity | CN¥3.47b |
Total liabilities | CN¥3.02b |
Total assets | CN¥6.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002772's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 002772's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 002772's net debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: 002772's debt to equity ratio has increased from 64.2% to 72.4% over the past 5 years.
Debt Coverage: 002772's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: 002772's interest payments on its debt are not well covered by EBIT (0.2x coverage).