TES Touch Embedded Solutions (Xiamen) Balance Sheet Health
Financial Health criteria checks 5/6
TES Touch Embedded Solutions (Xiamen) has a total shareholder equity of CN¥1.4B and total debt of CN¥356.3M, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are CN¥2.4B and CN¥990.3M respectively. TES Touch Embedded Solutions (Xiamen)'s EBIT is CN¥250.2M making its interest coverage ratio -50.2. It has cash and short-term investments of CN¥586.4M.
Key information
24.7%
Debt to equity ratio
CN¥356.34m
Debt
| Interest coverage ratio | -50.2x |
| Cash | CN¥586.36m |
| Equity | CN¥1.44b |
| Total liabilities | CN¥990.30m |
| Total assets | CN¥2.43b |
Recent financial health updates
Recent updates
TES Touch Embedded Solutions (Xiamen) (SZSE:003019) Has A Rock Solid Balance Sheet
Jul 18
TES Touch Embedded Solutions (Xiamen)'s (SZSE:003019) Dividend Is Being Reduced To CN¥0.45
Jun 05Improved Earnings Required Before TES Touch Embedded Solutions (Xiamen) Co., Ltd. (SZSE:003019) Stock's 26% Jump Looks Justified
May 06TES Touch Embedded Solutions (Xiamen)'s (SZSE:003019) Soft Earnings Are Actually Better Than They Appear
May 05TES Touch Embedded Solutions (Xiamen) (SZSE:003019) Is Reinvesting At Lower Rates Of Return
Mar 25There's No Escaping TES Touch Embedded Solutions (Xiamen) Co., Ltd.'s (SZSE:003019) Muted Earnings Despite A 32% Share Price Rise
Mar 04Financial Position Analysis
Short Term Liabilities: 003019's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥837.9M).
Long Term Liabilities: 003019's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥152.4M).
Debt to Equity History and Analysis
Debt Level: 003019 has more cash than its total debt.
Reducing Debt: 003019's debt to equity ratio has increased from 10.2% to 24.7% over the past 5 years.
Debt Coverage: 003019's debt is well covered by operating cash flow (60.9%).
Interest Coverage: 003019 earns more interest than it pays, so coverage of interest payments is not a concern.