TongweiLtd Balance Sheet Health
Financial Health criteria checks 6/6
TongweiLtd has a total shareholder equity of CN¥73.2B and total debt of CN¥58.1B, which brings its debt-to-equity ratio to 79.4%. Its total assets and total liabilities are CN¥179.7B and CN¥106.5B respectively. TongweiLtd's EBIT is CN¥14.7B making its interest coverage ratio 32.7. It has cash and short-term investments of CN¥34.8B.
Key information
79.4%
Debt to equity ratio
CN¥58.14b
Debt
Interest coverage ratio | 32.7x |
Cash | CN¥34.78b |
Equity | CN¥73.20b |
Total liabilities | CN¥106.53b |
Total assets | CN¥179.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600438's short term assets (CN¥71.0B) exceed its short term liabilities (CN¥41.1B).
Long Term Liabilities: 600438's short term assets (CN¥71.0B) exceed its long term liabilities (CN¥65.4B).
Debt to Equity History and Analysis
Debt Level: 600438's net debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: 600438's debt to equity ratio has reduced from 116.6% to 79.4% over the past 5 years.
Debt Coverage: 600438's debt is well covered by operating cash flow (46.5%).
Interest Coverage: 600438's interest payments on its debt are well covered by EBIT (32.7x coverage).