Tiande Chemical Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Tiande Chemical Holdings has a total shareholder equity of CN¥2.5B and total debt of CN¥66.0M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥3.0B and CN¥478.8M respectively. Tiande Chemical Holdings's EBIT is CN¥66.8M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥701.1M.
Key information
2.6%
Debt to equity ratio
CN¥66.00m
Debt
| Interest coverage ratio | -3.1x |
| Cash | CN¥701.07m |
| Equity | CN¥2.51b |
| Total liabilities | CN¥478.78m |
| Total assets | CN¥2.99b |
Recent financial health updates
These 4 Measures Indicate That Tiande Chemical Holdings (HKG:609) Is Using Debt Reasonably Well
Sep 06
These 4 Measures Indicate That Tiande Chemical Holdings (HKG:609) Is Using Debt Safely
Sep 22Here's Why Tiande Chemical Holdings (HKG:609) Can Manage Its Debt Responsibly
Apr 11These 4 Measures Indicate That Tiande Chemical Holdings (HKG:609) Is Using Debt Reasonably Well
Sep 13Does Tiande Chemical Holdings (HKG:609) Have A Healthy Balance Sheet?
Apr 14We Think Tiande Chemical Holdings (HKG:609) Can Stay On Top Of Its Debt
Nov 23Recent updates
Tiande Chemical Holdings (HKG:609) Has Announced That Its Dividend Will Be Reduced To CN¥0.02
Oct 02Tiande Chemical Holdings Limited's (HKG:609) Business Is Trailing The Industry But Its Shares Aren't
Jul 22The Compensation For Tiande Chemical Holdings Limited's (HKG:609) CEO Looks Deserved And Here's Why
May 31Tiande Chemical Holdings (HKG:609) Knows How To Allocate Capital Effectively
Feb 03These 4 Measures Indicate That Tiande Chemical Holdings (HKG:609) Is Using Debt Reasonably Well
Sep 06The Trend Of High Returns At Tiande Chemical Holdings (HKG:609) Has Us Very Interested
Jun 21Calculating The Intrinsic Value Of Tiande Chemical Holdings Limited (HKG:609)
Oct 13These 4 Measures Indicate That Tiande Chemical Holdings (HKG:609) Is Using Debt Safely
Sep 22Investors Shouldn't Overlook Tiande Chemical Holdings' (HKG:609) Impressive Returns On Capital
Aug 23Here's Why Tiande Chemical Holdings (HKG:609) Can Manage Its Debt Responsibly
Apr 11Be Wary Of Tiande Chemical Holdings (HKG:609) And Its Returns On Capital
Mar 15Here's What's Concerning About Tiande Chemical Holdings' (HKG:609) Returns On Capital
Nov 26These 4 Measures Indicate That Tiande Chemical Holdings (HKG:609) Is Using Debt Reasonably Well
Sep 13Tiande Chemical Holdings (HKG:609) Could Be At Risk Of Shrinking As A Company
Aug 03Returns On Capital At Tiande Chemical Holdings (HKG:609) Paint A Concerning Picture
May 05Does Tiande Chemical Holdings (HKG:609) Have A Healthy Balance Sheet?
Apr 14A Look At Tiande Chemical Holdings' (HKG:609) Share Price Returns
Mar 19Are Tiande Chemical Holdings's (HKG:609) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Jan 25Here's What's Concerning About Tiande Chemical Holdings (HKG:609)
Dec 21We Think Tiande Chemical Holdings (HKG:609) Can Stay On Top Of Its Debt
Nov 23Financial Position Analysis
Short Term Liabilities: 609's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥432.6M).
Long Term Liabilities: 609's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥46.2M).
Debt to Equity History and Analysis
Debt Level: 609 has more cash than its total debt.
Reducing Debt: 609's debt to equity ratio has reduced from 8.5% to 2.6% over the past 5 years.
Debt Coverage: 609's debt is well covered by operating cash flow (562.9%).
Interest Coverage: 609 earns more interest than it pays, so coverage of interest payments is not a concern.