Chongqing Taiji Industry(Group)Ltd Balance Sheet Health
Financial Health criteria checks 3/6
Chongqing Taiji Industry(Group)Ltd has a total shareholder equity of CN¥4.0B and total debt of CN¥4.1B, which brings its debt-to-equity ratio to 102.9%. Its total assets and total liabilities are CN¥15.4B and CN¥11.4B respectively. Chongqing Taiji Industry(Group)Ltd's EBIT is CN¥1.1B making its interest coverage ratio 8.1. It has cash and short-term investments of CN¥1.6B.
Key information
102.9%
Debt to equity ratio
CN¥4.11b
Debt
Interest coverage ratio | 8.1x |
Cash | CN¥1.61b |
Equity | CN¥3.99b |
Total liabilities | CN¥11.38b |
Total assets | CN¥15.37b |
Recent financial health updates
Is Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Using Too Much Debt?
Jul 03Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Has A Pretty Healthy Balance Sheet
Feb 28Recent updates
Take Care Before Jumping Onto Chongqing Taiji Industry(Group) Co.,Ltd (SHSE:600129) Even Though It's 27% Cheaper
Jul 04Is Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Using Too Much Debt?
Jul 03Investors Shouldn't Be Too Comfortable With Chongqing Taiji Industry(Group)Ltd's (SHSE:600129) Earnings
May 02Is Chongqing Taiji Industry(Group) Co.,Ltd (SHSE:600129) Trading At A 33% Discount?
Mar 18Chongqing Taiji Industry(Group)Ltd (SHSE:600129) Has A Pretty Healthy Balance Sheet
Feb 28Financial Position Analysis
Short Term Liabilities: 600129's short term assets (CN¥8.5B) do not cover its short term liabilities (CN¥10.3B).
Long Term Liabilities: 600129's short term assets (CN¥8.5B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 600129's net debt to equity ratio (62.5%) is considered high.
Reducing Debt: 600129's debt to equity ratio has reduced from 137.3% to 102.9% over the past 5 years.
Debt Coverage: 600129's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: 600129's interest payments on its debt are well covered by EBIT (8.1x coverage).