Tongyu Heavy Industry Co., Ltd.

SZSE:300185 Stock Report

Market Cap: CN¥10.5b

Tongyu Heavy Industry Balance Sheet Health

Financial Health criteria checks 2/6

Tongyu Heavy Industry has a total shareholder equity of CN¥7.0B and total debt of CN¥6.0B, which brings its debt-to-equity ratio to 85.9%. Its total assets and total liabilities are CN¥15.7B and CN¥8.7B respectively. Tongyu Heavy Industry's EBIT is CN¥195.9M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥1.2B.

Key information

85.9%

Debt to equity ratio

CN¥6.01b

Debt

Interest coverage ratio1.4x
CashCN¥1.20b
EquityCN¥7.00b
Total liabilitiesCN¥8.73b
Total assetsCN¥15.72b

Recent financial health updates

Recent updates

Investors Still Aren't Entirely Convinced By Tongyu Heavy Industry Co., Ltd.'s (SZSE:300185) Revenues Despite 26% Price Jump

Nov 10
Investors Still Aren't Entirely Convinced By Tongyu Heavy Industry Co., Ltd.'s (SZSE:300185) Revenues Despite 26% Price Jump

Sentiment Still Eluding Tongyu Heavy Industry Co., Ltd. (SZSE:300185)

Sep 26
Sentiment Still Eluding Tongyu Heavy Industry Co., Ltd. (SZSE:300185)

Is Tongyu Heavy Industry (SZSE:300185) Using Too Much Debt?

Jul 27
Is Tongyu Heavy Industry (SZSE:300185) Using Too Much Debt?

Tongyu Heavy Industry Co., Ltd. (SZSE:300185) Not Lagging Market On Growth Or Pricing

Jun 26
Tongyu Heavy Industry Co., Ltd. (SZSE:300185) Not Lagging Market On Growth Or Pricing

Tongyu Heavy Industry (SZSE:300185) Is Reinvesting At Lower Rates Of Return

Jun 03
Tongyu Heavy Industry (SZSE:300185) Is Reinvesting At Lower Rates Of Return

Financial Position Analysis

Short Term Liabilities: 300185's short term assets (CN¥8.1B) exceed its short term liabilities (CN¥6.4B).

Long Term Liabilities: 300185's short term assets (CN¥8.1B) exceed its long term liabilities (CN¥2.3B).


Debt to Equity History and Analysis

Debt Level: 300185's net debt to equity ratio (68.7%) is considered high.

Reducing Debt: 300185's debt to equity ratio has increased from 76.6% to 85.9% over the past 5 years.

Debt Coverage: 300185's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 300185's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


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