Tianjin Tianyao Pharmaceuticals Balance Sheet Health
Financial Health criteria checks 5/6
Tianjin Tianyao Pharmaceuticals has a total shareholder equity of CN¥3.8B and total debt of CN¥922.3M, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are CN¥6.1B and CN¥2.3B respectively. Tianjin Tianyao Pharmaceuticals's EBIT is CN¥154.6M making its interest coverage ratio 6.5. It has cash and short-term investments of CN¥721.0M.
Key information
24.1%
Debt to equity ratio
CN¥922.34m
Debt
Interest coverage ratio | 6.5x |
Cash | CN¥720.98m |
Equity | CN¥3.83b |
Total liabilities | CN¥2.29b |
Total assets | CN¥6.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600488's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 600488's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥465.5M).
Debt to Equity History and Analysis
Debt Level: 600488's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: 600488's debt to equity ratio has increased from 20.7% to 24.1% over the past 5 years.
Debt Coverage: 600488's debt is well covered by operating cash flow (70.7%).
Interest Coverage: 600488's interest payments on its debt are well covered by EBIT (6.5x coverage).