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
Here's Why Tianqi Lithium (SZSE:002466) Can Manage Its Debt Responsibly
Aug 07Does Tianqi Lithium (SZSE:002466) Have A Healthy Balance Sheet?
Mar 15Recent updates
Here'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¥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.