Jiangsu Tongda Power TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Tongda Power TechnologyLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥101.4M, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are CN¥2.0B and CN¥765.0M respectively. Jiangsu Tongda Power TechnologyLtd's EBIT is CN¥50.0M making its interest coverage ratio -12.7. It has cash and short-term investments of CN¥425.3M.
Key information
8.3%
Debt to equity ratio
CN¥101.44m
Debt
| Interest coverage ratio | -12.7x |
| Cash | CN¥425.33m |
| Equity | CN¥1.22b |
| Total liabilities | CN¥764.98m |
| Total assets | CN¥1.99b |
Recent financial health updates
No updates
Recent updates
There May Be Some Bright Spots In Jiangsu Tongda Power TechnologyLtd's (SZSE:002576) Earnings
Nov 04
Unpleasant Surprises Could Be In Store For Jiangsu Tongda Power Technology Co.,Ltd.'s (SZSE:002576) Shares
Sep 30Jiangsu Tongda Power TechnologyLtd (SZSE:002576) Is Doing The Right Things To Multiply Its Share Price
Jul 26Why Jiangsu Tongda Power TechnologyLtd's (SZSE:002576) Earnings Are Better Than They Seem
Apr 04There's No Escaping Jiangsu Tongda Power Technology Co.,Ltd.'s (SZSE:002576) Muted Earnings Despite A 28% Share Price Rise
Mar 07Financial Position Analysis
Short Term Liabilities: 002576's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥741.8M).
Long Term Liabilities: 002576's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥23.1M).
Debt to Equity History and Analysis
Debt Level: 002576 has more cash than its total debt.
Reducing Debt: 002576's debt to equity ratio has increased from 0% to 8.3% over the past 5 years.
Debt Coverage: 002576's debt is well covered by operating cash flow (349.4%).
Interest Coverage: 002576 earns more interest than it pays, so coverage of interest payments is not a concern.