Tianjin Port Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Tianjin Port Holdings has a total shareholder equity of CN¥26.0B and total debt of CN¥5.3B, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are CN¥35.6B and CN¥9.6B respectively. Tianjin Port Holdings's EBIT is CN¥1.5B making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥5.1B.
Key information
20.5%
Debt to equity ratio
CN¥5.31b
Debt
Interest coverage ratio | -5.9x |
Cash | CN¥5.09b |
Equity | CN¥25.98b |
Total liabilities | CN¥9.61b |
Total assets | CN¥35.59b |
Financial Position Analysis
Short Term Liabilities: 600717's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥5.5B).
Long Term Liabilities: 600717's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥4.1B).
Debt to Equity History and Analysis
Debt Level: 600717's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: 600717's debt to equity ratio has reduced from 44.3% to 20.5% over the past 5 years.
Debt Coverage: 600717's debt is well covered by operating cash flow (43.7%).
Interest Coverage: 600717 earns more interest than it pays, so coverage of interest payments is not a concern.