Shenzhen Tagen Group Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Tagen Group has a total shareholder equity of CN¥14.8B and total debt of CN¥18.5B, which brings its debt-to-equity ratio to 124.7%. Its total assets and total liabilities are CN¥68.4B and CN¥53.6B respectively. Shenzhen Tagen Group's EBIT is CN¥1.1B making its interest coverage ratio 7.9. It has cash and short-term investments of CN¥10.4B.
Key information
124.7%
Debt to equity ratio
CN¥18.47b
Debt
| Interest coverage ratio | 7.9x |
| Cash | CN¥10.45b |
| Equity | CN¥14.81b |
| Total liabilities | CN¥53.59b |
| Total assets | CN¥68.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000090's short term assets (CN¥57.5B) exceed its short term liabilities (CN¥43.1B).
Long Term Liabilities: 000090's short term assets (CN¥57.5B) exceed its long term liabilities (CN¥10.5B).
Debt to Equity History and Analysis
Debt Level: 000090's net debt to equity ratio (54.2%) is considered high.
Reducing Debt: 000090's debt to equity ratio has reduced from 150.9% to 124.7% over the past 5 years.
Debt Coverage: 000090's debt is not well covered by operating cash flow (19%).
Interest Coverage: 000090's interest payments on its debt are well covered by EBIT (7.9x coverage).