Guangzhou Tinci Materials Technology Balance Sheet Health
Financial Health criteria checks 5/6
Guangzhou Tinci Materials Technology has a total shareholder equity of CN¥13.6B and total debt of CN¥5.9B, which brings its debt-to-equity ratio to 43.3%. Its total assets and total liabilities are CN¥24.0B and CN¥10.4B respectively. Guangzhou Tinci Materials Technology's EBIT is CN¥2.4B making its interest coverage ratio 21.6. It has cash and short-term investments of CN¥2.4B.
Key information
43.3%
Debt to equity ratio
CN¥5.87b
Debt
| Interest coverage ratio | 21.6x |
| Cash | CN¥2.37b |
| Equity | CN¥13.58b |
| Total liabilities | CN¥10.40b |
| Total assets | CN¥23.98b |
Recent financial health updates
Recent updates
A Look At The Fair Value Of Guangzhou Tinci Materials Technology Co., Ltd. (SZSE:002709)
Apr 23
Guangzhou Tinci Materials Technology Co., Ltd.'s (SZSE:002709) Shares Bounce 31% But Its Business Still Trails The Market
Apr 09Analysts Are More Bearish On Guangzhou Tinci Materials Technology Co., Ltd. (SZSE:002709) Than They Used To Be
Mar 31Is Guangzhou Tinci Materials Technology (SZSE:002709) A Risky Investment?
Mar 13Financial Position Analysis
Short Term Liabilities: 002709's short term assets (CN¥9.9B) exceed its short term liabilities (CN¥5.9B).
Long Term Liabilities: 002709's short term assets (CN¥9.9B) exceed its long term liabilities (CN¥4.5B).
Debt to Equity History and Analysis
Debt Level: 002709's net debt to equity ratio (25.8%) is considered satisfactory.
Reducing Debt: 002709's debt to equity ratio has increased from 27.5% to 43.3% over the past 5 years.
Debt Coverage: 002709's debt is well covered by operating cash flow (38.7%).
Interest Coverage: 002709's interest payments on its debt are well covered by EBIT (21.6x coverage).