Tianjin Jiuri New Materials Balance Sheet Health
Financial Health criteria checks 3/6
Tianjin Jiuri New Materials has a total shareholder equity of CN¥2.7B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are CN¥4.2B and CN¥1.5B respectively.
Key information
40.8%
Debt to equity ratio
CN¥1.10b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥983.48m |
| Equity | CN¥2.69b |
| Total liabilities | CN¥1.50b |
| Total assets | CN¥4.19b |
Financial Position Analysis
Short Term Liabilities: 688199's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 688199's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥310.5M).
Debt to Equity History and Analysis
Debt Level: 688199's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: 688199's debt to equity ratio has increased from 26.7% to 40.8% over the past 5 years.
Debt Coverage: 688199's debt is not well covered by operating cash flow (2.8%).
Interest Coverage: Insufficient data to determine if 688199's interest payments on its debt are well covered by EBIT.