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¥745.3M, which brings its debt-to-equity ratio to 32.1%. Its total assets and total liabilities are CN¥4.5B and CN¥2.1B respectively. Tongqinglou Catering's EBIT is CN¥345.6M making its interest coverage ratio 7.6. It has cash and short-term investments of CN¥96.3M.
Key information
32.1%
Debt to equity ratio
CN¥745.26m
Debt
| Interest coverage ratio | 7.6x |
| Cash | CN¥96.34m |
| Equity | CN¥2.32b |
| Total liabilities | CN¥2.13b |
| Total assets | CN¥4.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605108's short term assets (CN¥549.0M) do not cover its short term liabilities (CN¥982.6M).
Long Term Liabilities: 605108's short term assets (CN¥549.0M) do not cover its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 605108's net debt to equity ratio (27.9%) is considered satisfactory.
Reducing Debt: 605108's debt to equity ratio has increased from 0.06% to 32.1% over the past 5 years.
Debt Coverage: 605108's debt is well covered by operating cash flow (89.8%).
Interest Coverage: 605108's interest payments on its debt are well covered by EBIT (7.6x coverage).