Shenzhen Tongye Technology Co.,Ltd.

SZSE:300960 Stock Report

Market Cap: CN¥2.4b

Shenzhen Tongye TechnologyLtd Balance Sheet Health

Financial Health criteria checks 6/6

Shenzhen Tongye TechnologyLtd has a total shareholder equity of CN¥598.8M and total debt of CN¥30.8M, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are CN¥907.4M and CN¥308.6M respectively. Shenzhen Tongye TechnologyLtd's EBIT is CN¥50.5M making its interest coverage ratio -22.5. It has cash and short-term investments of CN¥230.4M.

Key information

5.1%

Debt to equity ratio

CN¥30.80m

Debt

Interest coverage ratio-22.5x
CashCN¥230.41m
EquityCN¥598.81m
Total liabilitiesCN¥308.63m
Total assetsCN¥907.44m

Recent financial health updates

No updates

Recent updates

Optimistic Investors Push Shenzhen Tongye Technology Co.,Ltd. (SZSE:300960) Shares Up 45% But Growth Is Lacking

Oct 08
Optimistic Investors Push Shenzhen Tongye Technology Co.,Ltd. (SZSE:300960) Shares Up 45% But Growth Is Lacking

Shenzhen Tongye Technology Co.,Ltd. (SZSE:300960) May Have Run Too Fast Too Soon With Recent 36% Price Plummet

Aug 22
Shenzhen Tongye Technology Co.,Ltd. (SZSE:300960) May Have Run Too Fast Too Soon With Recent 36% Price Plummet

Shenzhen Tongye Technology Co.,Ltd.'s (SZSE:300960) Business Is Yet to Catch Up With Its Share Price

Jun 06
Shenzhen Tongye Technology Co.,Ltd.'s (SZSE:300960) Business Is Yet to Catch Up With Its Share Price

Shenzhen Tongye TechnologyLtd's (SZSE:300960) Profits Appear To Have Quality Issues

Mar 31
Shenzhen Tongye TechnologyLtd's (SZSE:300960) Profits Appear To Have Quality Issues

Financial Position Analysis

Short Term Liabilities: 300960's short term assets (CN¥761.3M) exceed its short term liabilities (CN¥268.8M).

Long Term Liabilities: 300960's short term assets (CN¥761.3M) exceed its long term liabilities (CN¥39.8M).


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% to 5.1% over the past 5 years.

Debt Coverage: 300960's debt is well covered by operating cash flow (371.3%).

Interest Coverage: 300960 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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