Guangzhou Tinci Materials Technology Balance Sheet Health
Financial Health criteria checks 5/6
Guangzhou Tinci Materials Technology has a total shareholder equity of CN¥13.4B and total debt of CN¥6.2B, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are CN¥24.0B and CN¥10.6B respectively. Guangzhou Tinci Materials Technology's EBIT is CN¥711.9M making its interest coverage ratio 4.8. It has cash and short-term investments of CN¥1.6B.
Key information
46.6%
Debt to equity ratio
CN¥6.24b
Debt
| Interest coverage ratio | 4.8x |
| Cash | CN¥1.58b |
| Equity | CN¥13.38b |
| Total liabilities | CN¥10.60b |
| Total assets | CN¥23.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002709's short term assets (CN¥10.4B) exceed its short term liabilities (CN¥6.0B).
Long Term Liabilities: 002709's short term assets (CN¥10.4B) exceed its long term liabilities (CN¥4.6B).
Debt to Equity History and Analysis
Debt Level: 002709's net debt to equity ratio (34.8%) is considered satisfactory.
Reducing Debt: 002709's debt to equity ratio has increased from 40% to 46.6% over the past 5 years.
Debt Coverage: 002709's debt is well covered by operating cash flow (24.1%).
Interest Coverage: 002709's interest payments on its debt are well covered by EBIT (4.8x coverage).