Tong Petrotech Balance Sheet Health
Financial Health criteria checks 6/6
Tong Petrotech has a total shareholder equity of CN¥1.4B and total debt of CN¥294.3M, which brings its debt-to-equity ratio to 21.2%. Its total assets and total liabilities are CN¥2.0B and CN¥568.1M respectively. Tong Petrotech's EBIT is CN¥13.7M making its interest coverage ratio 12.4. It has cash and short-term investments of CN¥341.6M.
Key information
21.2%
Debt to equity ratio
CN¥294.33m
Debt
| Interest coverage ratio | 12.4x |
| Cash | CN¥341.59m |
| Equity | CN¥1.39b |
| Total liabilities | CN¥568.10m |
| Total assets | CN¥1.96b |
Financial Position Analysis
Short Term Liabilities: 300164's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥510.7M).
Long Term Liabilities: 300164's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥57.5M).
Debt to Equity History and Analysis
Debt Level: 300164 has more cash than its total debt.
Reducing Debt: 300164's debt to equity ratio has reduced from 32.2% to 21.2% over the past 5 years.
Debt Coverage: 300164's debt is well covered by operating cash flow (46.3%).
Interest Coverage: 300164's interest payments on its debt are well covered by EBIT (12.4x coverage).