Xinjiang TianyeLtd Balance Sheet Health
Financial Health criteria checks 1/6
Xinjiang TianyeLtd has a total shareholder equity of CN¥9.3B and total debt of CN¥7.0B, which brings its debt-to-equity ratio to 75.2%. Its total assets and total liabilities are CN¥20.5B and CN¥11.2B respectively. Xinjiang TianyeLtd's EBIT is CN¥210.6M making its interest coverage ratio 0.9. It has cash and short-term investments of CN¥1.9B.
Key information
75.2%
Debt to equity ratio
CN¥6.97b
Debt
| Interest coverage ratio | 0.9x |
| Cash | CN¥1.95b |
| Equity | CN¥9.27b |
| Total liabilities | CN¥11.24b |
| Total assets | CN¥20.52b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600075's short term assets (CN¥3.7B) do not cover its short term liabilities (CN¥6.4B).
Long Term Liabilities: 600075's short term assets (CN¥3.7B) do not cover its long term liabilities (CN¥4.8B).
Debt to Equity History and Analysis
Debt Level: 600075's net debt to equity ratio (54.2%) is considered high.
Reducing Debt: 600075's debt to equity ratio has increased from 34.6% to 75.2% over the past 5 years.
Debt Coverage: 600075's debt is well covered by operating cash flow (33.3%).
Interest Coverage: 600075's interest payments on its debt are not well covered by EBIT (0.9x coverage).