Zhejiang Tiantie Industry Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Tiantie Industry has a total shareholder equity of CN¥2.6B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 84.3%. Its total assets and total liabilities are CN¥5.9B and CN¥3.2B respectively.
Key information
84.3%
Debt to equity ratio
CN¥2.22b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥240.10m |
| Equity | CN¥2.63b |
| Total liabilities | CN¥3.22b |
| Total assets | CN¥5.85b |
Recent financial health updates
No updates
Recent updates
Zhejiang Tiantie Industry Co., Ltd.'s (SZSE:300587) Share Price Not Quite Adding Up
Jan 04
Zhejiang Tiantie Industry Co., Ltd.'s (SZSE:300587) Business Is Yet to Catch Up With Its Share Price
Sep 30Zhejiang Tiantie Industry Co., Ltd.'s (SZSE:300587) 26% Share Price Surge Not Quite Adding Up
May 21Zhejiang Tiantie Industry (SZSE:300587) Is Reinvesting At Lower Rates Of Return
Mar 28Financial Position Analysis
Short Term Liabilities: 300587's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 300587's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 300587's net debt to equity ratio (75.2%) is considered high.
Reducing Debt: 300587's debt to equity ratio has increased from 46.3% to 84.3% over the past 5 years.
Debt Coverage: 300587's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 300587's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 15:20 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Zhejiang Tiantie Industry Co., Ltd. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sophia Zhang | China Stock Investment Research Co. Ltd. (GZ500..com) |
| Ada Wang | China Stock Investment Research Co. Ltd. (GZ500..com) |
| Wei Liu | Haitong International Research Limited |