Tong Petrotech Balance Sheet Health
Financial Health criteria checks 6/6
Tong Petrotech has a total shareholder equity of CN¥1.3B and total debt of CN¥231.5M, which brings its debt-to-equity ratio to 17.2%. Its total assets and total liabilities are CN¥1.8B and CN¥455.6M respectively. Tong Petrotech's EBIT is CN¥73.9M making its interest coverage ratio 11.6. It has cash and short-term investments of CN¥331.1M.
Key information
17.2%
Debt to equity ratio
CN¥231.49m
Debt
Interest coverage ratio | 11.6x |
Cash | CN¥331.05m |
Equity | CN¥1.35b |
Total liabilities | CN¥455.63m |
Total assets | CN¥1.80b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300164's short term assets (CN¥871.8M) exceed its short term liabilities (CN¥372.4M).
Long Term Liabilities: 300164's short term assets (CN¥871.8M) exceed its long term liabilities (CN¥83.3M).
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 28.8% to 17.2% over the past 5 years.
Debt Coverage: 300164's debt is well covered by operating cash flow (60.8%).
Interest Coverage: 300164's interest payments on its debt are well covered by EBIT (11.6x coverage).