Tianjin Jinbin DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 5/6
Tianjin Jinbin DevelopmentLtd has a total shareholder equity of CN¥3.0B and total debt of CN¥950.0K, which brings its debt-to-equity ratio to 0.03%. Its total assets and total liabilities are CN¥5.7B and CN¥2.8B respectively. Tianjin Jinbin DevelopmentLtd's EBIT is CN¥940.2M making its interest coverage ratio -23. It has cash and short-term investments of CN¥1.0B.
Key information
0.03%
Debt to equity ratio
CN¥950.00k
Debt
Interest coverage ratio | -23x |
Cash | CN¥1.01b |
Equity | CN¥2.97b |
Total liabilities | CN¥2.76b |
Total assets | CN¥5.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000897's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 000897's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥7.3M).
Debt to Equity History and Analysis
Debt Level: 000897 has more cash than its total debt.
Reducing Debt: 000897's debt to equity ratio has reduced from 131.5% to 0.03% over the past 5 years.
Debt Coverage: 000897's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000897 earns more interest than it pays, so coverage of interest payments is not a concern.