Tonze New Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tonze New Energy TechnologyLtd has a total shareholder equity of CN¥5.1B and total debt of CN¥780.8M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are CN¥7.3B and CN¥2.3B respectively.
Key information
15.4%
Debt to equity ratio
CN¥780.80m
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.34b |
Equity | CN¥5.06b |
Total liabilities | CN¥2.28b |
Total assets | CN¥7.34b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002759's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 002759's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥375.2M).
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 10.1% to 15.4% 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.