TangShan Port GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
TangShan Port GroupLtd has a total shareholder equity of CN¥22.0B and total debt of CN¥1.2M, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are CN¥24.3B and CN¥2.2B respectively. TangShan Port GroupLtd's EBIT is CN¥2.1B making its interest coverage ratio -3.2. It has cash and short-term investments of CN¥6.1B.
Key information
0.006%
Debt to equity ratio
CN¥1.20m
Debt
Interest coverage ratio | -3.2x |
Cash | CN¥6.06b |
Equity | CN¥22.04b |
Total liabilities | CN¥2.22b |
Total assets | CN¥24.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601000's short term assets (CN¥6.9B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 601000's short term assets (CN¥6.9B) exceed its long term liabilities (CN¥660.6M).
Debt to Equity History and Analysis
Debt Level: 601000 has more cash than its total debt.
Reducing Debt: 601000's debt to equity ratio has reduced from 12.5% to 0.01% over the past 5 years.
Debt Coverage: 601000's debt is well covered by operating cash flow (208829.6%).
Interest Coverage: 601000 earns more interest than it pays, so coverage of interest payments is not a concern.