Tianqi Lithium Balance Sheet Health
Financial Health criteria checks 5/6
Tianqi Lithium has a total shareholder equity of CN¥50.1B and total debt of CN¥12.9B, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are CN¥69.3B and CN¥19.1B respectively. Tianqi Lithium's EBIT is CN¥14.5B making its interest coverage ratio -17.7. It has cash and short-term investments of CN¥6.1B.
Key information
25.7%
Debt to equity ratio
CN¥12.89b
Debt
| Interest coverage ratio | -17.7x |
| Cash | CN¥6.07b |
| Equity | CN¥50.11b |
| Total liabilities | CN¥19.15b |
| Total assets | CN¥69.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9696's short term assets (CN¥13.6B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 9696's short term assets (CN¥13.6B) do not cover its long term liabilities (CN¥15.2B).
Debt to Equity History and Analysis
Debt Level: 9696's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: 9696's debt to equity ratio has reduced from 270.3% to 25.7% over the past 5 years.
Debt Coverage: 9696's debt is well covered by operating cash flow (99.5%).
Interest Coverage: 9696 earns more interest than it pays, so coverage of interest payments is not a concern.