Tianyang New Materials (Shanghai) Technology Balance Sheet Health
Financial Health criteria checks 3/6
Tianyang New Materials (Shanghai) Technology has a total shareholder equity of CN¥1.8B and total debt of CN¥756.6M, which brings its debt-to-equity ratio to 41.9%. Its total assets and total liabilities are CN¥3.0B and CN¥1.2B respectively.
Key information
41.9%
Debt to equity ratio
CN¥756.56m
Debt
Interest coverage ratio | n/a |
Cash | CN¥468.79m |
Equity | CN¥1.81b |
Total liabilities | CN¥1.16b |
Total assets | CN¥2.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603330's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥900.1M).
Long Term Liabilities: 603330's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥261.3M).
Debt to Equity History and Analysis
Debt Level: 603330's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: 603330's debt to equity ratio has increased from 38% to 41.9% over the past 5 years.
Debt Coverage: 603330's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: Insufficient data to determine if 603330's interest payments on its debt are well covered by EBIT.