Tingyi (Cayman Islands) Holding Balance Sheet Health
Financial Health criteria checks 4/6
Tingyi (Cayman Islands) Holding has a total shareholder equity of CN¥17.2B and total debt of CN¥13.7B, which brings its debt-to-equity ratio to 79.7%. Its total assets and total liabilities are CN¥53.1B and CN¥35.9B respectively. Tingyi (Cayman Islands) Holding's EBIT is CN¥3.7B making its interest coverage ratio -172.2. It has cash and short-term investments of CN¥11.5B.
Key information
79.7%
Debt to equity ratio
CN¥13.73b
Debt
Interest coverage ratio | -172.2x |
Cash | CN¥11.53b |
Equity | CN¥17.22b |
Total liabilities | CN¥35.93b |
Total assets | CN¥53.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TYG's short term assets (CN¥20.5B) do not cover its short term liabilities (CN¥29.2B).
Long Term Liabilities: TYG's short term assets (CN¥20.5B) exceed its long term liabilities (CN¥6.7B).
Debt to Equity History and Analysis
Debt Level: TYG's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: TYG's debt to equity ratio has increased from 45.9% to 79.7% over the past 5 years.
Debt Coverage: TYG's debt is well covered by operating cash flow (40%).
Interest Coverage: TYG earns more interest than it pays, so coverage of interest payments is not a concern.