Guangdong Tianan New Material Balance Sheet Health
Financial Health criteria checks 2/6
Guangdong Tianan New Material has a total shareholder equity of CN¥877.2M and total debt of CN¥939.6M, which brings its debt-to-equity ratio to 107.1%. Its total assets and total liabilities are CN¥2.9B and CN¥2.0B respectively. Guangdong Tianan New Material's EBIT is CN¥142.0M making its interest coverage ratio 9.9. It has cash and short-term investments of CN¥374.2M.
Key information
107.1%
Debt to equity ratio
CN¥939.60m
Debt
| Interest coverage ratio | 9.9x |
| Cash | CN¥374.15m |
| Equity | CN¥877.24m |
| Total liabilities | CN¥2.01b |
| Total assets | CN¥2.89b |
Financial Position Analysis
Short Term Liabilities: 603725's short term assets (CN¥1.6B) do not cover its short term liabilities (CN¥1.6B).
Long Term Liabilities: 603725's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥368.4M).
Debt to Equity History and Analysis
Debt Level: 603725's net debt to equity ratio (64.5%) is considered high.
Reducing Debt: 603725's debt to equity ratio has increased from 37.3% to 107.1% over the past 5 years.
Debt Coverage: 603725's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: 603725's interest payments on its debt are well covered by EBIT (9.9x coverage).