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¥898.4M, which brings its debt-to-equity ratio to 33.1%. Its total assets and total liabilities are CN¥4.0B and CN¥1.3B respectively.
Key information
33.1%
Debt to equity ratio
CN¥898.38m
Debt
Interest coverage ratio | n/a |
Cash | CN¥930.07m |
Equity | CN¥2.71b |
Total liabilities | CN¥1.31b |
Total assets | CN¥4.02b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688199's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥967.3M).
Long Term Liabilities: 688199's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥344.1M).
Debt to Equity History and Analysis
Debt Level: 688199 has more cash than its total debt.
Reducing Debt: 688199's debt to equity ratio has increased from 13.5% to 33.1% over the past 5 years.
Debt Coverage: 688199's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: Insufficient data to determine if 688199's interest payments on its debt are well covered by EBIT.