Tofflon Science and Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Tofflon Science and Technology Group has a total shareholder equity of CN¥8.1B and total debt of CN¥3.3M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are CN¥12.9B and CN¥4.8B respectively. Tofflon Science and Technology Group's EBIT is CN¥594.2M making its interest coverage ratio -13.8. It has cash and short-term investments of CN¥3.0B.
Key information
0.04%
Debt to equity ratio
CN¥3.34m
Debt
| Interest coverage ratio | -13.8x |
| Cash | CN¥3.05b |
| Equity | CN¥8.11b |
| Total liabilities | CN¥4.79b |
| Total assets | CN¥12.90b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300171's short term assets (CN¥8.9B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 300171's short term assets (CN¥8.9B) exceed its long term liabilities (CN¥142.7M).
Debt to Equity History and Analysis
Debt Level: 300171 has more cash than its total debt.
Reducing Debt: 300171's debt to equity ratio has reduced from 0.1% to 0.04% over the past 5 years.
Debt Coverage: 300171's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300171 earns more interest than it pays, so coverage of interest payments is not a concern.