Tianjin Capital Environmental Protection Group Balance Sheet Health
Financial Health criteria checks 2/6
Tianjin Capital Environmental Protection Group has a total shareholder equity of CN¥10.5B and total debt of CN¥10.1B, which brings its debt-to-equity ratio to 96.8%. Its total assets and total liabilities are CN¥24.7B and CN¥14.2B respectively. Tianjin Capital Environmental Protection Group's EBIT is CN¥1.5B making its interest coverage ratio 5.7. It has cash and short-term investments of CN¥2.3B.
Key information
96.8%
Debt to equity ratio
CN¥10.13b
Debt
Interest coverage ratio | 5.7x |
Cash | CN¥2.30b |
Equity | CN¥10.47b |
Total liabilities | CN¥14.19b |
Total assets | CN¥24.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1065's short term assets (CN¥6.5B) exceed its short term liabilities (CN¥3.7B).
Long Term Liabilities: 1065's short term assets (CN¥6.5B) do not cover its long term liabilities (CN¥10.5B).
Debt to Equity History and Analysis
Debt Level: 1065's net debt to equity ratio (74.8%) is considered high.
Reducing Debt: 1065's debt to equity ratio has increased from 75.8% to 96.8% over the past 5 years.
Debt Coverage: 1065's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: 1065's interest payments on its debt are well covered by EBIT (5.7x coverage).