Tongkun Group Balance Sheet Health
Financial Health criteria checks 2/6
Tongkun Group has a total shareholder equity of CN¥36.4B and total debt of CN¥61.7B, which brings its debt-to-equity ratio to 169.5%. Its total assets and total liabilities are CN¥112.1B and CN¥75.8B respectively. Tongkun Group's EBIT is CN¥1.3B making its interest coverage ratio 4.3. It has cash and short-term investments of CN¥15.4B.
Key information
169.5%
Debt to equity ratio
CN¥61.68b
Debt
Interest coverage ratio | 4.3x |
Cash | CN¥15.36b |
Equity | CN¥36.38b |
Total liabilities | CN¥75.75b |
Total assets | CN¥112.13b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 601233's short term assets (CN¥35.6B) do not cover its short term liabilities (CN¥53.3B).
Long Term Liabilities: 601233's short term assets (CN¥35.6B) exceed its long term liabilities (CN¥22.5B).
Debt to Equity History and Analysis
Debt Level: 601233's net debt to equity ratio (127.3%) is considered high.
Reducing Debt: 601233's debt to equity ratio has increased from 74.1% to 169.5% over the past 5 years.
Debt Coverage: 601233's debt is not well covered by operating cash flow (0.2%).
Interest Coverage: 601233's interest payments on its debt are well covered by EBIT (4.3x coverage).