Tonze New Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tonze New Energy TechnologyLtd has a total shareholder equity of CN¥4.9B and total debt of CN¥744.2M, which brings its debt-to-equity ratio to 15.2%. Its total assets and total liabilities are CN¥7.3B and CN¥2.4B respectively.
Key information
15.2%
Debt to equity ratio
CN¥744.19m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥979.04m |
| Equity | CN¥4.88b |
| Total liabilities | CN¥2.38b |
| Total assets | CN¥7.26b |
Recent financial health updates
Recent updates
Revenues Not Telling The Story For Tonze New Energy Technology Co.,Ltd. (SZSE:002759) After Shares Rise 32%
Nov 11
Is Tonze New Energy TechnologyLtd (SZSE:002759) Using Debt In A Risky Way?
Oct 25Market Might Still Lack Some Conviction On Tonze New Energy Technology Co.,Ltd. (SZSE:002759) Even After 26% Share Price Boost
Sep 27Many Still Looking Away From Tonze New Energy Technology Co.,Ltd. (SZSE:002759)
Jun 20Tonze New Energy TechnologyLtd's (SZSE:002759) Dividend Is Being Reduced To CN¥0.10
May 21Investors Holding Back On Tonze New Energy Technology Co.,Ltd. (SZSE:002759)
Feb 28Financial Position Analysis
Short Term Liabilities: 002759's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 002759's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥407.3M).
Debt to Equity History and Analysis
Debt Level: 002759 has more cash than its total debt.
Reducing Debt: 002759's debt to equity ratio has increased from 11.7% to 15.2% over the past 5 years.
Debt Coverage: 002759's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002759's interest payments on its debt are well covered by EBIT.