Tongding Interconnection Information Balance Sheet Health
Financial Health criteria checks 3/6
Tongding Interconnection Information has a total shareholder equity of CN¥2.5B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 73.3%. Its total assets and total liabilities are CN¥5.8B and CN¥3.3B respectively. Tongding Interconnection Information's EBIT is CN¥142.6M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥1.5B.
Key information
73.3%
Debt to equity ratio
CN¥1.82b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CN¥1.54b |
| Equity | CN¥2.49b |
| Total liabilities | CN¥3.31b |
| Total assets | CN¥5.80b |
Recent financial health updates
Does Tongding Interconnection Information (SZSE:002491) Have A Healthy Balance Sheet?
Jun 26
Is Tongding Interconnection Information (SZSE:002491) A Risky Investment?
Mar 22Recent updates
Tongding Interconnection Information Co., Ltd. (SZSE:002491) Stock Catapults 25% Though Its Price And Business Still Lag The Industry
Nov 11Does Tongding Interconnection Information (SZSE:002491) Have A Healthy Balance Sheet?
Jun 26What Tongding Interconnection Information Co., Ltd.'s (SZSE:002491) P/E Is Not Telling You
Jun 07Additional Considerations Required While Assessing Tongding Interconnection Information's (SZSE:002491) Strong Earnings
May 03Is Tongding Interconnection Information (SZSE:002491) A Risky Investment?
Mar 22Tongding Interconnection Information Co., Ltd. (SZSE:002491) Stock Catapults 36% Though Its Price And Business Still Lag The Industry
Mar 06Calculating The Intrinsic Value Of Tongding Interconnection Information Co., Ltd. (SZSE:002491)
Feb 27Financial Position Analysis
Short Term Liabilities: 002491's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 002491's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥71.3M).
Debt to Equity History and Analysis
Debt Level: 002491's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: 002491's debt to equity ratio has increased from 72.6% to 73.3% over the past 5 years.
Debt Coverage: 002491's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: 002491's interest payments on its debt are not well covered by EBIT (2.1x coverage).