Truking Technology Balance Sheet Health
Financial Health criteria checks 6/6
Truking Technology has a total shareholder equity of CN¥4.8B and total debt of CN¥654.5M, which brings its debt-to-equity ratio to 13.8%. Its total assets and total liabilities are CN¥11.7B and CN¥6.9B respectively. Truking Technology's EBIT is CN¥423.4M making its interest coverage ratio 21.3. It has cash and short-term investments of CN¥766.5M.
Key information
13.8%
Debt to equity ratio
CN¥654.52m
Debt
| Interest coverage ratio | 21.3x |
| Cash | CN¥766.55m |
| Equity | CN¥4.76b |
| Total liabilities | CN¥6.90b |
| Total assets | CN¥11.66b |
Financial Position Analysis
Short Term Liabilities: 300358's short term assets (CN¥6.8B) exceed its short term liabilities (CN¥6.2B).
Long Term Liabilities: 300358's short term assets (CN¥6.8B) exceed its long term liabilities (CN¥701.1M).
Debt to Equity History and Analysis
Debt Level: 300358 has more cash than its total debt.
Reducing Debt: 300358's debt to equity ratio has reduced from 17.5% to 13.8% over the past 5 years.
Debt Coverage: 300358's debt is well covered by operating cash flow (31.3%).
Interest Coverage: 300358's interest payments on its debt are well covered by EBIT (21.3x coverage).