Zhejiang Tony Electronic Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Tony Electronic has a total shareholder equity of CN¥1.7B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 116.9%. Its total assets and total liabilities are CN¥5.4B and CN¥3.7B respectively.
Key information
116.9%
Debt to equity ratio
CN¥1.98b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥128.13m |
| Equity | CN¥1.69b |
| Total liabilities | CN¥3.73b |
| Total assets | CN¥5.42b |
Recent financial health updates
Does Zhejiang Tony Electronic (SHSE:603595) Have A Healthy Balance Sheet?
Sep 29
Would Zhejiang Tony Electronic (SHSE:603595) Be Better Off With Less Debt?
Jun 18Recent updates
Revenues Not Telling The Story For Zhejiang Tony Electronic Co., Ltd (SHSE:603595) After Shares Rise 36%
Oct 09Does Zhejiang Tony Electronic (SHSE:603595) Have A Healthy Balance Sheet?
Sep 29Would Zhejiang Tony Electronic (SHSE:603595) Be Better Off With Less Debt?
Jun 18Zhejiang Tony Electronic Co., Ltd's (SHSE:603595) Shares Climb 28% But Its Business Is Yet to Catch Up
May 23Zhejiang Tony Electronic Co., Ltd's (SHSE:603595) Share Price Matching Investor Opinion
Mar 02Financial Position Analysis
Short Term Liabilities: 603595's short term assets (CN¥1.8B) do not cover its short term liabilities (CN¥3.0B).
Long Term Liabilities: 603595's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥760.9M).
Debt to Equity History and Analysis
Debt Level: 603595's net debt to equity ratio (109.4%) is considered high.
Reducing Debt: 603595's debt to equity ratio has increased from 87% to 116.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 603595 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 603595 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 22.7% per year.