Topsec Technologies Group Balance Sheet Health
Financial Health criteria checks 6/6
Topsec Technologies Group has a total shareholder equity of CN¥9.4B and total debt of CN¥40.9M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥10.9B and CN¥1.6B respectively. Topsec Technologies Group's EBIT is CN¥45.9M making its interest coverage ratio 29.4. It has cash and short-term investments of CN¥632.8M.
Key information
0.4%
Debt to equity ratio
CN¥40.87m
Debt
Interest coverage ratio | 29.4x |
Cash | CN¥632.76m |
Equity | CN¥9.35b |
Total liabilities | CN¥1.57b |
Total assets | CN¥10.92b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002212's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002212's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥137.6M).
Debt to Equity History and Analysis
Debt Level: 002212 has more cash than its total debt.
Reducing Debt: 002212's debt to equity ratio has reduced from 6.8% to 0.4% over the past 5 years.
Debt Coverage: 002212's debt is well covered by operating cash flow (981.5%).
Interest Coverage: 002212's interest payments on its debt are well covered by EBIT (29.4x coverage).