Tianjin Jintou State-owned Urban Development Balance Sheet Health
Financial Health criteria checks 4/6
Tianjin Jintou State-owned Urban Development has a total shareholder equity of CN¥537.1M and total debt of CN¥8.0B, which brings its debt-to-equity ratio to 1480.3%. Its total assets and total liabilities are CN¥15.8B and CN¥15.3B respectively. Tianjin Jintou State-owned Urban Development's EBIT is CN¥1.1B making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥276.4M.
Key information
1,480.3%
Debt to equity ratio
CN¥7.95b
Debt
Interest coverage ratio | 1.5x |
Cash | CN¥276.42m |
Equity | CN¥537.15m |
Total liabilities | CN¥15.29b |
Total assets | CN¥15.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600322's short term assets (CN¥14.1B) exceed its short term liabilities (CN¥11.8B).
Long Term Liabilities: 600322's short term assets (CN¥14.1B) exceed its long term liabilities (CN¥3.5B).
Debt to Equity History and Analysis
Debt Level: 600322's net debt to equity ratio (1428.8%) is considered high.
Reducing Debt: 600322's debt to equity ratio has increased from 256.5% to 1480.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 600322 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600322 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 21.5% per year.