Tianyang New Materials (Shanghai) Technology Balance Sheet Health
Financial Health criteria checks 4/6
Tianyang New Materials (Shanghai) Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥778.0M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are CN¥3.0B and CN¥1.2B respectively.
Key information
44.8%
Debt to equity ratio
CN¥778.00m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥384.74m |
| Equity | CN¥1.74b |
| Total liabilities | CN¥1.24b |
| Total assets | CN¥2.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603330's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥984.0M).
Long Term Liabilities: 603330's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥255.1M).
Debt to Equity History and Analysis
Debt Level: 603330's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: 603330's debt to equity ratio has reduced from 46.5% to 44.8% over the past 5 years.
Debt Coverage: 603330's debt is not well covered by operating cash flow (0.4%).
Interest Coverage: Insufficient data to determine if 603330's interest payments on its debt are well covered by EBIT.