Vanchip (Tianjin) Technology Balance Sheet Health
Financial Health criteria checks 6/6
Vanchip (Tianjin) Technology has a total shareholder equity of CN¥4.0B and total debt of CN¥102.0M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥4.7B and CN¥622.0M respectively. Vanchip (Tianjin) Technology's EBIT is CN¥62.2M making its interest coverage ratio -0.9. It has cash and short-term investments of CN¥2.8B.
Key information
2.5%
Debt to equity ratio
CN¥102.02m
Debt
Interest coverage ratio | -0.9x |
Cash | CN¥2.83b |
Equity | CN¥4.04b |
Total liabilities | CN¥622.02m |
Total assets | CN¥4.66b |
Recent financial health updates
Recent updates
Vanchip (Tianjin) Technology (SHSE:688153) Could Easily Take On More Debt
May 23Vanchip (Tianjin) Technology (SHSE:688153) Is Looking To Continue Growing Its Returns On Capital
Apr 17Do Vanchip (Tianjin) Technology's (SHSE:688153) Earnings Warrant Your Attention?
Mar 22Vanchip (Tianjin) Technology Co., Ltd.'s (SHSE:688153) 26% Share Price Surge Not Quite Adding Up
Mar 04Financial Position Analysis
Short Term Liabilities: 688153's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥568.0M).
Long Term Liabilities: 688153's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥54.1M).
Debt to Equity History and Analysis
Debt Level: 688153 has more cash than its total debt.
Reducing Debt: 688153's debt to equity ratio has reduced from 32.8% to 2.5% over the past 5 years.
Debt Coverage: 688153's debt is well covered by operating cash flow (314.9%).
Interest Coverage: 688153 earns more interest than it pays, so coverage of interest payments is not a concern.