Tianshan Aluminum GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Tianshan Aluminum GroupLtd has a total shareholder equity of CN¥26.4B and total debt of CN¥17.6B, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are CN¥58.6B and CN¥32.2B respectively. Tianshan Aluminum GroupLtd's EBIT is CN¥4.6B making its interest coverage ratio 6.6. It has cash and short-term investments of CN¥10.8B.
Key information
66.7%
Debt to equity ratio
CN¥17.62b
Debt
| Interest coverage ratio | 6.6x |
| Cash | CN¥10.81b |
| Equity | CN¥26.41b |
| Total liabilities | CN¥32.18b |
| Total assets | CN¥58.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002532's short term assets (CN¥23.2B) do not cover its short term liabilities (CN¥24.0B).
Long Term Liabilities: 002532's short term assets (CN¥23.2B) exceed its long term liabilities (CN¥8.2B).
Debt to Equity History and Analysis
Debt Level: 002532's net debt to equity ratio (25.8%) is considered satisfactory.
Reducing Debt: 002532's debt to equity ratio has reduced from 109.2% to 66.7% over the past 5 years.
Debt Coverage: 002532's debt is well covered by operating cash flow (30.2%).
Interest Coverage: 002532's interest payments on its debt are well covered by EBIT (6.6x coverage).