Tiangong International Balance Sheet Health
Financial Health criteria checks 5/6
Tiangong International has a total shareholder equity of CN¥7.4B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 39.2%. Its total assets and total liabilities are CN¥13.6B and CN¥6.2B respectively. Tiangong International's EBIT is CN¥571.7M making its interest coverage ratio 4. It has cash and short-term investments of CN¥2.1B.
Key information
39.2%
Debt to equity ratio
CN¥2.90b
Debt
Interest coverage ratio | 4x |
Cash | CN¥2.06b |
Equity | CN¥7.38b |
Total liabilities | CN¥6.18b |
Total assets | CN¥13.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 34T1's short term assets (CN¥8.2B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 34T1's short term assets (CN¥8.2B) exceed its long term liabilities (CN¥775.9M).
Debt to Equity History and Analysis
Debt Level: 34T1's net debt to equity ratio (11.3%) is considered satisfactory.
Reducing Debt: 34T1's debt to equity ratio has reduced from 66% to 39.2% over the past 5 years.
Debt Coverage: 34T1's debt is not well covered by operating cash flow (1.9%).
Interest Coverage: 34T1's interest payments on its debt are well covered by EBIT (4x coverage).