Hangzhou Tianyuan Pet Products Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Tianyuan Pet Products has a total shareholder equity of CN¥1.9B and total debt of CN¥284.8M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are CN¥2.6B and CN¥636.0M respectively. Hangzhou Tianyuan Pet Products's EBIT is CN¥88.5M making its interest coverage ratio -69.2. It has cash and short-term investments of CN¥966.2M.
Key information
14.7%
Debt to equity ratio
CN¥284.85m
Debt
Interest coverage ratio | -69.2x |
Cash | CN¥966.17m |
Equity | CN¥1.94b |
Total liabilities | CN¥636.00m |
Total assets | CN¥2.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301335's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥427.3M).
Long Term Liabilities: 301335's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥208.7M).
Debt to Equity History and Analysis
Debt Level: 301335 has more cash than its total debt.
Reducing Debt: 301335's debt to equity ratio has increased from 4.6% to 14.7% over the past 5 years.
Debt Coverage: 301335's debt is well covered by operating cash flow (140.4%).
Interest Coverage: 301335 earns more interest than it pays, so coverage of interest payments is not a concern.