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¥4.1B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 112.9%. Its total assets and total liabilities are CN¥14.3B and CN¥10.2B respectively. Chongqing Taiji Industry(Group)Ltd's EBIT is CN¥836.5M making its interest coverage ratio 6.4. It has cash and short-term investments of CN¥842.1M.
Key information
112.9%
Debt to equity ratio
CN¥4.66b
Debt
| Interest coverage ratio | 6.4x |
| Cash | CN¥842.07m |
| Equity | CN¥4.13b |
| Total liabilities | CN¥10.21b |
| Total assets | CN¥14.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600129's short term assets (CN¥7.3B) do not cover its short term liabilities (CN¥9.2B).
Long Term Liabilities: 600129's short term assets (CN¥7.3B) exceed its long term liabilities (CN¥997.2M).
Debt to Equity History and Analysis
Debt Level: 600129's net debt to equity ratio (92.5%) is considered high.
Reducing Debt: 600129's debt to equity ratio has reduced from 138.2% to 112.9% over the past 5 years.
Debt Coverage: 600129's debt is not well covered by operating cash flow (9.8%).
Interest Coverage: 600129's interest payments on its debt are well covered by EBIT (6.4x coverage).