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 10
Sentiment 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 06:20 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Tongyu Heavy Industry Co., Ltd. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Weiqi Wang | Guosen Securities Co., Ltd. |
| Shang Wen Cheng | Industrial Securities Co. Ltd. |
| Ming Xuan Shi | Industrial Securities Co. Ltd. |