Tongqinglou Catering Balance Sheet Health
Financial Health criteria checks 2/6
Tongqinglou Catering has a total shareholder equity of CN¥2.2B and total debt of CN¥951.2M, which brings its debt-to-equity ratio to 42.9%. Its total assets and total liabilities are CN¥5.0B and CN¥2.7B respectively. Tongqinglou Catering's EBIT is CN¥280.6M making its interest coverage ratio 4.7. It has cash and short-term investments of CN¥62.5M.
Key information
42.9%
Debt to equity ratio
CN¥951.17m
Debt
| Interest coverage ratio | 4.7x |
| Cash | CN¥62.54m |
| Equity | CN¥2.22b |
| Total liabilities | CN¥2.75b |
| Total assets | CN¥4.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605108's short term assets (CN¥623.6M) do not cover its short term liabilities (CN¥1.2B).
Long Term Liabilities: 605108's short term assets (CN¥623.6M) do not cover its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 605108's net debt to equity ratio (40.1%) is considered high.
Reducing Debt: 605108's debt to equity ratio has increased from 0.03% to 42.9% over the past 5 years.
Debt Coverage: 605108's debt is well covered by operating cash flow (61.9%).
Interest Coverage: 605108's interest payments on its debt are well covered by EBIT (4.7x coverage).