Beijing Tongrentang Balance Sheet Health
Financial Health criteria checks 4/6
Beijing Tongrentang has a total shareholder equity of CN¥21.3B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are CN¥31.3B and CN¥10.0B respectively. Beijing Tongrentang's EBIT is CN¥3.0B making its interest coverage ratio -22.8. It has cash and short-term investments of CN¥12.3B.
Key information
13.5%
Debt to equity ratio
CN¥2.88b
Debt
| Interest coverage ratio | -22.8x |
| Cash | CN¥12.35b |
| Equity | CN¥21.26b |
| Total liabilities | CN¥9.99b |
| Total assets | CN¥31.25b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600085's short term assets (CN¥24.3B) exceed its short term liabilities (CN¥6.5B).
Long Term Liabilities: 600085's short term assets (CN¥24.3B) exceed its long term liabilities (CN¥3.5B).
Debt to Equity History and Analysis
Debt Level: 600085 has more cash than its total debt.
Reducing Debt: 600085's debt to equity ratio has increased from 8.6% to 13.5% over the past 5 years.
Debt Coverage: 600085's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: 600085 earns more interest than it pays, so coverage of interest payments is not a concern.