China Tianrui Group Cement Balance Sheet Health
Financial Health criteria checks 2/6
China Tianrui Group Cement has a total shareholder equity of CN¥15.8B and total debt of CN¥17.7B, which brings its debt-to-equity ratio to 112.2%. Its total assets and total liabilities are CN¥40.6B and CN¥24.8B respectively. China Tianrui Group Cement's EBIT is CN¥421.1M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥1.2B.
Key information
112.2%
Debt to equity ratio
CN¥17.71b
Debt
Interest coverage ratio | 0.4x |
Cash | CN¥1.19b |
Equity | CN¥15.79b |
Total liabilities | CN¥24.79b |
Total assets | CN¥40.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T18's short term assets (CN¥27.3B) exceed its short term liabilities (CN¥18.8B).
Long Term Liabilities: T18's short term assets (CN¥27.3B) exceed its long term liabilities (CN¥6.0B).
Debt to Equity History and Analysis
Debt Level: T18's net debt to equity ratio (104.7%) is considered high.
Reducing Debt: T18's debt to equity ratio has increased from 93.8% to 112.2% over the past 5 years.
Debt Coverage: T18's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: T18's interest payments on its debt are not well covered by EBIT (0.4x coverage).