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¥10.0B and total debt of CN¥10.1B, which brings its debt-to-equity ratio to 100.9%. Its total assets and total liabilities are CN¥24.6B and CN¥14.6B respectively. Tianjin Capital Environmental Protection Group's EBIT is CN¥1.2B making its interest coverage ratio 6.2. It has cash and short-term investments of CN¥3.0B.
Key information
100.9%
Debt to equity ratio
CN¥10.14b
Debt
Interest coverage ratio | 6.2x |
Cash | CN¥3.05b |
Equity | CN¥10.04b |
Total liabilities | CN¥14.55b |
Total assets | CN¥24.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNJI.F's short term assets (CN¥6.9B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: TNJI.F's short term assets (CN¥6.9B) do not cover its long term liabilities (CN¥10.5B).
Debt to Equity History and Analysis
Debt Level: TNJI.F's net debt to equity ratio (70.6%) is considered high.
Reducing Debt: TNJI.F's debt to equity ratio has increased from 64% to 100.9% over the past 5 years.
Debt Coverage: TNJI.F's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: TNJI.F's interest payments on its debt are well covered by EBIT (6.2x coverage).