Shenzhen Tagen Group Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Tagen Group has a total shareholder equity of CN¥15.1B and total debt of CN¥15.7B, which brings its debt-to-equity ratio to 103.9%. Its total assets and total liabilities are CN¥67.9B and CN¥52.8B respectively. Shenzhen Tagen Group's EBIT is CN¥1.9B making its interest coverage ratio 11.8. It has cash and short-term investments of CN¥9.4B.
Key information
103.9%
Debt to equity ratio
CN¥15.73b
Debt
Interest coverage ratio | 11.8x |
Cash | CN¥9.40b |
Equity | CN¥15.14b |
Total liabilities | CN¥52.80b |
Total assets | CN¥67.94b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000090's short term assets (CN¥57.1B) exceed its short term liabilities (CN¥42.6B).
Long Term Liabilities: 000090's short term assets (CN¥57.1B) exceed its long term liabilities (CN¥10.2B).
Debt to Equity History and Analysis
Debt Level: 000090's net debt to equity ratio (41.8%) is considered high.
Reducing Debt: 000090's debt to equity ratio has reduced from 133.3% to 103.9% over the past 5 years.
Debt Coverage: 000090's debt is well covered by operating cash flow (30.6%).
Interest Coverage: 000090's interest payments on its debt are well covered by EBIT (11.8x coverage).