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 ratio | 1.4x |
Cash | CN¥1.20b |
Equity | CN¥7.00b |
Total liabilities | CN¥8.73b |
Total assets | CN¥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 10Sentiment Still Eluding Tongyu Heavy Industry Co., Ltd. (SZSE:300185)
Sep 26Is Tongyu Heavy Industry (SZSE:300185) Using Too Much Debt?
Jul 27Tongyu Heavy Industry Co., Ltd. (SZSE:300185) Not Lagging Market On Growth Or Pricing
Jun 26Tongyu Heavy Industry (SZSE:300185) Is Reinvesting At Lower Rates Of Return
Jun 03Financial 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).