Tianjin You Fa Steel Pipe Group Stock Balance Sheet Health
Financial Health criteria checks 4/6
Tianjin You Fa Steel Pipe Group Stock has a total shareholder equity of CN¥7.2B and total debt of CN¥5.2B, which brings its debt-to-equity ratio to 71.6%. Its total assets and total liabilities are CN¥17.6B and CN¥10.4B respectively. Tianjin You Fa Steel Pipe Group Stock's EBIT is CN¥651.5M making its interest coverage ratio 5.6. It has cash and short-term investments of CN¥3.9B.
Key information
71.6%
Debt to equity ratio
CN¥5.17b
Debt
Interest coverage ratio | 5.6x |
Cash | CN¥3.86b |
Equity | CN¥7.21b |
Total liabilities | CN¥10.42b |
Total assets | CN¥17.64b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601686's short term assets (CN¥10.9B) exceed its short term liabilities (CN¥7.5B).
Long Term Liabilities: 601686's short term assets (CN¥10.9B) exceed its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: 601686's net debt to equity ratio (18.2%) is considered satisfactory.
Reducing Debt: 601686's debt to equity ratio has increased from 33.5% to 71.6% over the past 5 years.
Debt Coverage: 601686's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: 601686's interest payments on its debt are well covered by EBIT (5.6x coverage).