Zhejiang Tiantie Industry Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Tiantie Industry has a total shareholder equity of CN¥2.5B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 91.2%. Its total assets and total liabilities are CN¥5.5B and CN¥3.0B respectively.
Key information
91.2%
Debt to equity ratio
CN¥2.25b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥408.76m |
| Equity | CN¥2.46b |
| Total liabilities | CN¥3.03b |
| Total assets | CN¥5.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300587's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 300587's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 300587's net debt to equity ratio (74.6%) is considered high.
Reducing Debt: 300587's debt to equity ratio has increased from 31.9% to 91.2% 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.