Tianqi Lithium Balance Sheet Health
Financial Health criteria checks 6/6
Tianqi Lithium has a total shareholder equity of CN¥52.8B and total debt of CN¥10.2B, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are CN¥69.9B and CN¥17.1B respectively. Tianqi Lithium's EBIT is CN¥23.9B making its interest coverage ratio -16. It has cash and short-term investments of CN¥9.4B.
Key information
19.4%
Debt to equity ratio
CN¥10.24b
Debt
| Interest coverage ratio | -16x |
| Cash | CN¥9.39b |
| Equity | CN¥52.83b |
| Total liabilities | CN¥17.12b |
| Total assets | CN¥69.95b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002466's short term assets (CN¥16.6B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 002466's short term assets (CN¥16.6B) exceed its long term liabilities (CN¥12.0B).
Debt to Equity History and Analysis
Debt Level: 002466's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: 002466's debt to equity ratio has reduced from 252.3% to 19.4% over the past 5 years.
Debt Coverage: 002466's debt is well covered by operating cash flow (204.1%).
Interest Coverage: 002466 earns more interest than it pays, so coverage of interest payments is not a concern.