TongweiLtd Balance Sheet Health
Financial Health criteria checks 6/6
TongweiLtd has a total shareholder equity of CN¥76.5B and total debt of CN¥38.7B, which brings its debt-to-equity ratio to 50.5%. Its total assets and total liabilities are CN¥168.2B and CN¥91.7B respectively. TongweiLtd's EBIT is CN¥36.7B making its interest coverage ratio 1699.7. It has cash and short-term investments of CN¥37.6B.
Key information
50.5%
Debt to equity ratio
CN¥38.65b
Debt
Interest coverage ratio | 1699.7x |
Cash | CN¥37.61b |
Equity | CN¥76.49b |
Total liabilities | CN¥91.68b |
Total assets | CN¥168.17b |
Financial Position Analysis
Short Term Liabilities: 600438's short term assets (CN¥74.6B) exceed its short term liabilities (CN¥45.5B).
Long Term Liabilities: 600438's short term assets (CN¥74.6B) exceed its long term liabilities (CN¥46.2B).
Debt to Equity History and Analysis
Debt Level: 600438's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: 600438's debt to equity ratio has reduced from 78.7% to 50.5% over the past 5 years.
Debt Coverage: 600438's debt is well covered by operating cash flow (93%).
Interest Coverage: 600438's interest payments on its debt are well covered by EBIT (1699.7x coverage).