Tianqi Lithium Balance Sheet Health
Financial Health criteria checks 5/6
Tianqi Lithium has a total shareholder equity of CN¥50.4B and total debt of CN¥13.6B, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are CN¥70.4B and CN¥20.0B respectively. Tianqi Lithium's EBIT is CN¥8.9B making its interest coverage ratio 29.2. It has cash and short-term investments of CN¥6.7B.
Key information
27.0%
Debt to equity ratio
CN¥13.57b
Debt
| Interest coverage ratio | 29.2x |
| Cash | CN¥6.75b |
| Equity | CN¥50.35b |
| Total liabilities | CN¥20.00b |
| Total assets | CN¥70.36b |
Recent financial health updates
Here's Why Tianqi Lithium (SZSE:002466) Can Manage Its Debt Responsibly
Aug 07
Does Tianqi Lithium (SZSE:002466) Have A Healthy Balance Sheet?
Mar 15Recent updates
Tianqi Lithium Corporation's (SZSE:002466) 25% Share Price Surge Not Quite Adding Up
Nov 12Is Tianqi Lithium Corporation (SZSE:002466) Potentially Undervalued?
Oct 28Tianqi Lithium (SZSE:002466) Knows How To Allocate Capital Effectively
Oct 13Tianqi Lithium Corporation's (SZSE:002466) Share Price Could Signal Some Risk
Sep 27Tianqi Lithium Corporation (SZSE:002466) Analysts Are Reducing Their Forecasts For This Year
Sep 11Earnings Release: Here's Why Analysts Cut Their Tianqi Lithium Corporation (SZSE:002466) Price Target To CN¥39.75
Sep 03Here's Why Tianqi Lithium (SZSE:002466) Can Manage Its Debt Responsibly
Aug 07There's Reason For Concern Over Tianqi Lithium Corporation's (SZSE:002466) Price
Jun 12Returns on Capital Paint A Bright Future For Tianqi Lithium (SZSE:002466)
May 21Time To Worry? Analysts Are Downgrading Their Tianqi Lithium Corporation (SZSE:002466) Outlook
Apr 12Tianqi Lithium Corporation Just Missed Earnings - But Analysts Have Updated Their Models
Apr 01Does Tianqi Lithium (SZSE:002466) Have A Healthy Balance Sheet?
Mar 15Financial Position Analysis
Short Term Liabilities: 002466's short term assets (CN¥13.6B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 002466's short term assets (CN¥13.6B) do not cover its long term liabilities (CN¥15.1B).
Debt to Equity History and Analysis
Debt Level: 002466's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: 002466's debt to equity ratio has reduced from 278.6% to 27% over the past 5 years.
Debt Coverage: 002466's debt is well covered by operating cash flow (50.4%).
Interest Coverage: 002466's interest payments on its debt are well covered by EBIT (29.2x coverage).