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¥1.4B and total debt of CN¥16.0M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CN¥1.5B and CN¥161.2M respectively. Beijing Tongyizhong New Material Technology's EBIT is CN¥96.5M making its interest coverage ratio -17.8. It has cash and short-term investments of CN¥451.6M.
Key information
1.2%
Debt to equity ratio
CN¥16.01m
Debt
| Interest coverage ratio | -17.8x |
| Cash | CN¥451.55m |
| Equity | CN¥1.37b |
| Total liabilities | CN¥161.17m |
| Total assets | CN¥1.53b |
Recent financial health updates
No updates
Recent updates
Market Might Still Lack Some Conviction On Beijing Tongyizhong New Material Technology Corporation (SHSE:688722) Even After 37% Share Price Boost
Oct 08
There Are Reasons To Feel Uneasy About Beijing Tongyizhong New Material Technology's (SHSE:688722) Returns On Capital
Sep 29Here's What's Concerning About Beijing Tongyizhong New Material Technology's (SHSE:688722) Returns On Capital
Jun 04Why Beijing Tongyizhong New Material Technology's (SHSE:688722) Shaky Earnings Are Just The Beginning Of Its Problems
Apr 05Financial Position Analysis
Short Term Liabilities: 688722's short term assets (CN¥729.0M) exceed its short term liabilities (CN¥133.1M).
Long Term Liabilities: 688722's short term assets (CN¥729.0M) exceed its long term liabilities (CN¥28.1M).
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 4.7% to 1.2% over the past 5 years.
Debt Coverage: 688722's debt is well covered by operating cash flow (724.3%).
Interest Coverage: 688722 earns more interest than it pays, so coverage of interest payments is not a concern.