Shenzhen Tagen Group Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Tagen Group has a total shareholder equity of CN¥14.9B and total debt of CN¥15.1B, which brings its debt-to-equity ratio to 101.4%. Its total assets and total liabilities are CN¥68.8B and CN¥53.9B respectively. Shenzhen Tagen Group's EBIT is CN¥1.0B making its interest coverage ratio 7.7. It has cash and short-term investments of CN¥9.4B.
Key information
101.4%
Debt to equity ratio
CN¥15.11b
Debt
| Interest coverage ratio | 7.7x |
| Cash | CN¥9.37b |
| Equity | CN¥14.89b |
| Total liabilities | CN¥53.91b |
| Total assets | CN¥68.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000090's short term assets (CN¥58.0B) exceed its short term liabilities (CN¥43.2B).
Long Term Liabilities: 000090's short term assets (CN¥58.0B) exceed its long term liabilities (CN¥10.7B).
Debt to Equity History and Analysis
Debt Level: 000090's net debt to equity ratio (38.5%) is considered satisfactory.
Reducing Debt: 000090's debt to equity ratio has reduced from 135.6% to 101.4% over the past 5 years.
Debt Coverage: 000090's debt is well covered by operating cash flow (29%).
Interest Coverage: 000090's interest payments on its debt are well covered by EBIT (7.7x coverage).