Henan Tong-Da Cable Balance Sheet Health
Financial Health criteria checks 4/6
Henan Tong-Da Cable has a total shareholder equity of CN¥2.7B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 65.3%. Its total assets and total liabilities are CN¥4.9B and CN¥2.2B respectively. Henan Tong-Da Cable's EBIT is CN¥189.5M making its interest coverage ratio 5. It has cash and short-term investments of CN¥786.0M.
Key information
65.3%
Debt to equity ratio
CN¥1.76b
Debt
| Interest coverage ratio | 5x |
| Cash | CN¥786.03m |
| Equity | CN¥2.70b |
| Total liabilities | CN¥2.16b |
| Total assets | CN¥4.86b |
Recent financial health updates
No updates
Recent updates
Investors Will Want Henan Tong-Da Cable's (SZSE:002560) Growth In ROCE To Persist
Sep 30
Henan Tong-Da Cable Co., Ltd. (SZSE:002560) Not Lagging Market On Growth Or Pricing
Jun 07Henan Tong-Da Cable's (SZSE:002560) Soft Earnings Are Actually Better Than They Appear
Apr 05Henan Tong-Da Cable (SZSE:002560) Might Have The Makings Of A Multi-Bagger
Mar 06Financial Position Analysis
Short Term Liabilities: 002560's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 002560's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥256.2M).
Debt to Equity History and Analysis
Debt Level: 002560's net debt to equity ratio (36.2%) is considered satisfactory.
Reducing Debt: 002560's debt to equity ratio has increased from 30.3% to 65.3% over the past 5 years.
Debt Coverage: 002560's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002560's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 14:03 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Henan Tong-Da Cable Co., Ltd. is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chao Wang | China Merchants Securities Co. Ltd. |
| Jin Ju Sun | Guotai Junan Securities |
| Yong Hui Wang | Guotai Junan Securities |