Tonghua Grape WineLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tonghua Grape WineLtd has a total shareholder equity of CN¥304.7M and total debt of CN¥22.0M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are CN¥877.8M and CN¥573.1M respectively. Tonghua Grape WineLtd's EBIT is CN¥30.7M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥34.1M.
Key information
7.2%
Debt to equity ratio
CN¥22.04m
Debt
| Interest coverage ratio | 2.4x |
| Cash | CN¥34.08m |
| Equity | CN¥304.69m |
| Total liabilities | CN¥573.14m |
| Total assets | CN¥877.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600365's short term assets (CN¥558.7M) exceed its short term liabilities (CN¥410.8M).
Long Term Liabilities: 600365's short term assets (CN¥558.7M) exceed its long term liabilities (CN¥162.4M).
Debt to Equity History and Analysis
Debt Level: 600365 has more cash than its total debt.
Reducing Debt: 600365's debt to equity ratio has increased from 0.3% to 7.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 600365 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 600365 has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.9% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 13:43 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tonghua Grape Wine Co.,Ltd is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Dahui Zhao | China Minzu Securities |
| Wenfei Teng | Shanghai Securities Company |