Shenzhen Tongye TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Tongye TechnologyLtd has a total shareholder equity of CN¥637.9M and total debt of CN¥52.9M, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are CN¥911.0M and CN¥273.1M respectively. Shenzhen Tongye TechnologyLtd's EBIT is CN¥35.9M making its interest coverage ratio -16.3. It has cash and short-term investments of CN¥288.5M.
Key information
8.3%
Debt to equity ratio
CN¥52.93m
Debt
| Interest coverage ratio | -16.3x |
| Cash | CN¥288.52m |
| Equity | CN¥637.88m |
| Total liabilities | CN¥273.11m |
| Total assets | CN¥911.00m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300960's short term assets (CN¥803.1M) exceed its short term liabilities (CN¥248.8M).
Long Term Liabilities: 300960's short term assets (CN¥803.1M) exceed its long term liabilities (CN¥24.3M).
Debt to Equity History and Analysis
Debt Level: 300960 has more cash than its total debt.
Reducing Debt: 300960's debt to equity ratio has reduced from 11.3% to 8.3% over the past 5 years.
Debt Coverage: 300960's debt is well covered by operating cash flow (157.1%).
Interest Coverage: 300960 earns more interest than it pays, so coverage of interest payments is not a concern.