Shanghai TianchenLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai TianchenLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥398.7M, which brings its debt-to-equity ratio to 25.5%. Its total assets and total liabilities are CN¥3.1B and CN¥1.5B respectively. Shanghai TianchenLtd's EBIT is CN¥32.5M making its interest coverage ratio -22.5. It has cash and short-term investments of CN¥498.8M.
Key information
25.5%
Debt to equity ratio
CN¥398.73m
Debt
| Interest coverage ratio | -22.5x |
| Cash | CN¥498.83m |
| Equity | CN¥1.56b |
| Total liabilities | CN¥1.55b |
| Total assets | CN¥3.11b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600620's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 600620's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥544.8M).
Debt to Equity History and Analysis
Debt Level: 600620 has more cash than its total debt.
Reducing Debt: 600620's debt to equity ratio has increased from 2.8% to 25.5% over the past 5 years.
Debt Coverage: 600620's debt is not well covered by operating cash flow (2.2%).
Interest Coverage: 600620 earns more interest than it pays, so coverage of interest payments is not a concern.