Tian Lun Gas Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Tian Lun Gas Holdings has a total shareholder equity of CN¥6.1B and total debt of CN¥6.8B, which brings its debt-to-equity ratio to 111.3%. Its total assets and total liabilities are CN¥15.7B and CN¥9.6B respectively. Tian Lun Gas Holdings's EBIT is CN¥1.1B making its interest coverage ratio 2.8. It has cash and short-term investments of CN¥978.6M.
Key information
111.3%
Debt to equity ratio
CN¥6.80b
Debt
Interest coverage ratio | 2.8x |
Cash | CN¥978.64m |
Equity | CN¥6.11b |
Total liabilities | CN¥9.58b |
Total assets | CN¥15.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TLJ's short term assets (CN¥5.7B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: TLJ's short term assets (CN¥5.7B) exceed its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: TLJ's net debt to equity ratio (95.3%) is considered high.
Reducing Debt: TLJ's debt to equity ratio has reduced from 153.2% to 111.3% over the past 5 years.
Debt Coverage: TLJ's debt is not well covered by operating cash flow (15%).
Interest Coverage: TLJ's interest payments on its debt are not well covered by EBIT (2.8x coverage).