Guangdong Tianan New Material Balance Sheet Health
Financial Health criteria checks 2/6
Guangdong Tianan New Material has a total shareholder equity of CN¥859.6M and total debt of CN¥992.0M, which brings its debt-to-equity ratio to 115.4%. Its total assets and total liabilities are CN¥2.8B and CN¥1.9B respectively. Guangdong Tianan New Material's EBIT is CN¥158.9M making its interest coverage ratio 12.6. It has cash and short-term investments of CN¥397.7M.
Key information
115.4%
Debt to equity ratio
CN¥992.01m
Debt
| Interest coverage ratio | 12.6x |
| Cash | CN¥397.74m |
| Equity | CN¥859.56m |
| Total liabilities | CN¥1.90b |
| Total assets | CN¥2.76b |
Financial Position Analysis
Short Term Liabilities: 603725's short term assets (CN¥1.5B) do not cover its short term liabilities (CN¥1.5B).
Long Term Liabilities: 603725's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥361.6M).
Debt to Equity History and Analysis
Debt Level: 603725's net debt to equity ratio (69.1%) is considered high.
Reducing Debt: 603725's debt to equity ratio has increased from 39.8% to 115.4% over the past 5 years.
Debt Coverage: 603725's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: 603725's interest payments on its debt are well covered by EBIT (12.6x coverage).