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
Financial 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.