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 |
| Cash | CN¥230.41m |
| Equity | CN¥598.81m |
| Total liabilities | CN¥308.63m |
| Total assets | CN¥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
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¥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.