Guangzhou Tinci Materials Technology Balance Sheet Health
Financial Health criteria checks 5/6
Guangzhou Tinci Materials Technology has a total shareholder equity of CN¥13.7B and total debt of CN¥6.4B, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are CN¥23.9B and CN¥10.2B respectively. Guangzhou Tinci Materials Technology's EBIT is CN¥1.6B making its interest coverage ratio 12.7. It has cash and short-term investments of CN¥2.3B.
Key information
46.6%
Debt to equity ratio
CN¥6.39b
Debt
Interest coverage ratio | 12.7x |
Cash | CN¥2.31b |
Equity | CN¥13.70b |
Total liabilities | CN¥10.24b |
Total assets | CN¥23.94b |
Recent financial health updates
Recent updates
Improved Earnings Required Before Guangzhou Tinci Materials Technology Co., Ltd. (SZSE:002709) Shares Find Their Feet
Jul 30We Like These Underlying Return On Capital Trends At Guangzhou Tinci Materials Technology (SZSE:002709)
Jun 10Is It Time To Consider Buying Guangzhou Tinci Materials Technology Co., Ltd. (SZSE:002709)?
May 27Guangzhou Tinci Materials Technology Co., Ltd. Just Missed EPS By 57%: Here's What Analysts Think Will Happen Next
Apr 30A Look At The Fair Value Of Guangzhou Tinci Materials Technology Co., Ltd. (SZSE:002709)
Apr 23Guangzhou 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¥5.7B).
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 (29.8%) is considered satisfactory.
Reducing Debt: 002709's debt to equity ratio has increased from 25.9% to 46.6% over the past 5 years.
Debt Coverage: 002709's debt is well covered by operating cash flow (43.6%).
Interest Coverage: 002709's interest payments on its debt are well covered by EBIT (12.7x coverage).