Tofflon Science and Technology Group Balance Sheet Health
Financial Health criteria checks 4/6
Tofflon Science and Technology Group has a total shareholder equity of CN¥8.2B and total debt of CN¥3.8M, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are CN¥13.0B and CN¥4.8B respectively. Tofflon Science and Technology Group's EBIT is CN¥397.0M making its interest coverage ratio -8.6. It has cash and short-term investments of CN¥3.0B.
Key information
0.05%
Debt to equity ratio
CN¥3.80m
Debt
Interest coverage ratio | -8.6x |
Cash | CN¥2.99b |
Equity | CN¥8.18b |
Total liabilities | CN¥4.82b |
Total assets | CN¥12.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300171's short term assets (CN¥9.0B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 300171's short term assets (CN¥9.0B) exceed its long term liabilities (CN¥165.7M).
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 increased from 0% to 0.05% 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.