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).