Beijing Tongyizhong New Material Technology Balance Sheet Health
Financial Health criteria checks 6/6
Beijing Tongyizhong New Material Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥24.9M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are CN¥1.5B and CN¥160.4M respectively. Beijing Tongyizhong New Material Technology's EBIT is CN¥112.3M making its interest coverage ratio -11.1. It has cash and short-term investments of CN¥446.4M.
Key information
1.9%
Debt to equity ratio
CN¥24.94m
Debt
| Interest coverage ratio | -11.1x |
| Cash | CN¥446.38m |
| Equity | CN¥1.32b |
| Total liabilities | CN¥160.39m |
| Total assets | CN¥1.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688722's short term assets (CN¥718.3M) exceed its short term liabilities (CN¥131.8M).
Long Term Liabilities: 688722's short term assets (CN¥718.3M) exceed its long term liabilities (CN¥28.6M).
Debt to Equity History and Analysis
Debt Level: 688722 has more cash than its total debt.
Reducing Debt: 688722's debt to equity ratio has reduced from 7.8% to 1.9% over the past 5 years.
Debt Coverage: 688722's debt is well covered by operating cash flow (361.8%).
Interest Coverage: 688722 earns more interest than it pays, so coverage of interest payments is not a concern.