Shenzhen Tongyi Industry Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Tongyi Industry has a total shareholder equity of CN¥1.1B and total debt of CN¥802.9M, which brings its debt-to-equity ratio to 73.7%. Its total assets and total liabilities are CN¥2.2B and CN¥1.1B respectively. Shenzhen Tongyi Industry's EBIT is CN¥53.0M making its interest coverage ratio -10. It has cash and short-term investments of CN¥412.1M.
Key information
73.7%
Debt to equity ratio
CN¥802.88m
Debt
| Interest coverage ratio | -10x |
| Cash | CN¥412.06m |
| Equity | CN¥1.09b |
| Total liabilities | CN¥1.12b |
| Total assets | CN¥2.21b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300538's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥768.2M).
Long Term Liabilities: 300538's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥349.3M).
Debt to Equity History and Analysis
Debt Level: 300538's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: 300538's debt to equity ratio has increased from 2.2% to 73.7% over the past 5 years.
Debt Coverage: 300538's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: 300538 earns more interest than it pays, so coverage of interest payments is not a concern.