Henan Tong-Da Cable Balance Sheet Health
Financial Health criteria checks 4/6
Henan Tong-Da Cable has a total shareholder equity of CN¥2.6B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are CN¥4.5B and CN¥1.9B respectively. Henan Tong-Da Cable's EBIT is CN¥221.8M making its interest coverage ratio 12.2. It has cash and short-term investments of CN¥835.2M.
Key information
56.8%
Debt to equity ratio
CN¥1.50b
Debt
| Interest coverage ratio | 12.2x |
| Cash | CN¥835.18m |
| Equity | CN¥2.65b |
| Total liabilities | CN¥1.90b |
| Total assets | CN¥4.54b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002560's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 002560's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥345.7M).
Debt to Equity History and Analysis
Debt Level: 002560's net debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: 002560's debt to equity ratio has increased from 33.3% to 56.8% 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 (12.2x coverage).