Shenzhen Tongye TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Tongye TechnologyLtd has a total shareholder equity of CN¥616.9M and total debt of CN¥50.7M, which brings its debt-to-equity ratio to 8.2%. Its total assets and total liabilities are CN¥949.4M and CN¥332.5M respectively. Shenzhen Tongye TechnologyLtd's EBIT is CN¥51.8M making its interest coverage ratio -41.8. It has cash and short-term investments of CN¥221.4M.
Key information
8.22%
Debt to equity ratio
CN¥50.68m
Debt
| Interest coverage ratio | -41.8x |
| Cash | CN¥221.40m |
| Equity | CN¥616.87m |
| Total liabilities | CN¥332.50m |
| Total assets | CN¥949.37m |
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
Shenzhen Tongye Technology Co.,Ltd. (SZSE:300960) May Have Run Too Fast Too Soon With Recent 36% Price Plummet
Aug 22Shenzhen Tongye Technology Co.,Ltd.'s (SZSE:300960) Business Is Yet to Catch Up With Its Share Price
Jun 06Shenzhen Tongye TechnologyLtd's (SZSE:300960) Profits Appear To Have Quality Issues
Mar 31Financial Position Analysis
Short Term Liabilities: 300960's short term assets (CN¥799.0M) exceed its short term liabilities (CN¥297.4M).
Long Term Liabilities: 300960's short term assets (CN¥799.0M) exceed its long term liabilities (CN¥35.1M).
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 13.1% to 8.2% over the past 5 years.
Debt Coverage: 300960's debt is well covered by operating cash flow (85.6%).
Interest Coverage: 300960 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/22 01:24 |
| End of Day Share Price | 2025/05/22 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Shenzhen Tongye Technology Co.,Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.