Tingyi (Cayman Islands) Holding Balance Sheet Health
Financial Health criteria checks 4/6
Tingyi (Cayman Islands) Holding has a total shareholder equity of CN¥15.8B and total debt of CN¥15.1B, which brings its debt-to-equity ratio to 95.5%. Its total assets and total liabilities are CN¥56.0B and CN¥40.3B respectively. Tingyi (Cayman Islands) Holding's EBIT is CN¥4.4B making its interest coverage ratio -61.1. It has cash and short-term investments of CN¥13.1B.
Key information
95.5%
Debt to equity ratio
CN¥15.06b
Debt
| Interest coverage ratio | -61.1x |
| Cash | CN¥13.12b |
| Equity | CN¥15.77b |
| Total liabilities | CN¥40.25b |
| Total assets | CN¥56.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 322's short term assets (CN¥21.8B) do not cover its short term liabilities (CN¥34.9B).
Long Term Liabilities: 322's short term assets (CN¥21.8B) exceed its long term liabilities (CN¥5.3B).
Debt to Equity History and Analysis
Debt Level: 322's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: 322's debt to equity ratio has increased from 43.4% to 95.5% over the past 5 years.
Debt Coverage: 322's debt is well covered by operating cash flow (40.9%).
Interest Coverage: 322 earns more interest than it pays, so coverage of interest payments is not a concern.