Tongqinglou Catering Balance Sheet Health
Financial Health criteria checks 3/6
Tongqinglou Catering has a total shareholder equity of CN¥2.3B and total debt of CN¥591.1M, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are CN¥4.5B and CN¥2.2B respectively. Tongqinglou Catering's EBIT is CN¥385.7M making its interest coverage ratio 9.4. It has cash and short-term investments of CN¥64.1M.
Key information
25.6%
Debt to equity ratio
CN¥591.14m
Debt
| Interest coverage ratio | 9.4x |
| Cash | CN¥64.09m |
| Equity | CN¥2.31b |
| Total liabilities | CN¥2.20b |
| Total assets | CN¥4.51b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605108's short term assets (CN¥559.3M) do not cover its short term liabilities (CN¥1.1B).
Long Term Liabilities: 605108's short term assets (CN¥559.3M) do not cover its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 605108's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 605108's debt to equity ratio has increased from 0.09% to 25.6% over the past 5 years.
Debt Coverage: 605108's debt is well covered by operating cash flow (113.1%).
Interest Coverage: 605108's interest payments on its debt are well covered by EBIT (9.4x coverage).