Xinjiang Tianye Water Saving Irrigation System Balance Sheet Health
Financial Health criteria checks 3/6
Xinjiang Tianye Water Saving Irrigation System has a total shareholder equity of CN¥450.7M and total debt of CN¥74.0M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are CN¥1.2B and CN¥769.3M respectively. Xinjiang Tianye Water Saving Irrigation System's EBIT is CN¥2.6M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥340.8M.
Key information
16.4%
Debt to equity ratio
CN¥73.97m
Debt
| Interest coverage ratio | 1.4x |
| Cash | CN¥340.79m |
| Equity | CN¥450.67m |
| Total liabilities | CN¥769.28m |
| Total assets | CN¥1.22b |
Recent financial health updates
Health Check: How Prudently Does Xinjiang Tianye Water Saving Irrigation System (HKG:840) Use Debt?
Sep 19
Xinjiang Tianye Water Saving Irrigation System (HKG:840) Has Debt But No Earnings; Should You Worry?
Jun 01Health Check: How Prudently Does Xinjiang Tianye Water Saving Irrigation System (HKG:840) Use Debt?
Aug 18Is Xinjiang Tianye Water Saving Irrigation System (HKG:840) A Risky Investment?
Sep 29Is Xinjiang Tianye Water Saving Irrigation System (HKG:840) A Risky Investment?
May 25Xinjiang Tianye Water Saving Irrigation System (HKG:840) Has Debt But No Earnings; Should You Worry?
Dec 22
Recent updates
Health Check: How Prudently Does Xinjiang Tianye Water Saving Irrigation System (HKG:840) Use Debt?
Sep 19Xinjiang Tianye Water Saving Irrigation System (HKG:840) Has Debt But No Earnings; Should You Worry?
Jun 01Health Check: How Prudently Does Xinjiang Tianye Water Saving Irrigation System (HKG:840) Use Debt?
Aug 18Is Xinjiang Tianye Water Saving Irrigation System (HKG:840) A Risky Investment?
Sep 29Is Xinjiang Tianye Water Saving Irrigation System (HKG:840) A Risky Investment?
May 25Xinjiang Tianye Water Saving Irrigation System (HKG:840) Shareholders Will Want The ROCE Trajectory To Continue
Apr 01Xinjiang Tianye Water Saving Irrigation System (HKG:840) Has Debt But No Earnings; Should You Worry?
Dec 22Financial Position Analysis
Short Term Liabilities: 840's short term assets (CN¥997.6M) exceed its short term liabilities (CN¥719.4M).
Long Term Liabilities: 840's short term assets (CN¥997.6M) exceed its long term liabilities (CN¥49.9M).
Debt to Equity History and Analysis
Debt Level: 840 has more cash than its total debt.
Reducing Debt: 840's debt to equity ratio has increased from 4.9% to 16.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if 840 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 840 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.