Tianqi Lithium Balance Sheet Health
Financial Health criteria checks 5/6
Tianqi Lithium has a total shareholder equity of CN¥50.4B and total debt of CN¥13.6B, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are CN¥70.4B and CN¥20.0B respectively. Tianqi Lithium's EBIT is CN¥8.9B making its interest coverage ratio 29.2. It has cash and short-term investments of CN¥6.7B.
Key information
27.0%
Debt to equity ratio
CN¥13.57b
Debt
| Interest coverage ratio | 29.2x |
| Cash | CN¥6.75b |
| Equity | CN¥50.35b |
| Total liabilities | CN¥20.00b |
| Total assets | CN¥70.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2220's short term assets (CN¥13.6B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 2220's short term assets (CN¥13.6B) do not cover its long term liabilities (CN¥15.1B).
Debt to Equity History and Analysis
Debt Level: 2220's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: 2220's debt to equity ratio has reduced from 278.6% to 27% over the past 5 years.
Debt Coverage: 2220's debt is well covered by operating cash flow (50.4%).
Interest Coverage: 2220's interest payments on its debt are well covered by EBIT (29.2x coverage).