Tongding Interconnection Information Balance Sheet Health
Financial Health criteria checks 4/6
Tongding Interconnection Information has a total shareholder equity of CN¥2.5B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 78.6%. Its total assets and total liabilities are CN¥5.7B and CN¥3.3B respectively. Tongding Interconnection Information's EBIT is CN¥236.1M making its interest coverage ratio 21.2. It has cash and short-term investments of CN¥1.4B.
Key information
78.6%
Debt to equity ratio
CN¥1.93b
Debt
Interest coverage ratio | 21.2x |
Cash | CN¥1.39b |
Equity | CN¥2.45b |
Total liabilities | CN¥3.25b |
Total assets | CN¥5.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002491's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 002491's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥64.7M).
Debt to Equity History and Analysis
Debt Level: 002491's net debt to equity ratio (22%) is considered satisfactory.
Reducing Debt: 002491's debt to equity ratio has increased from 73.3% to 78.6% over the past 5 years.
Debt Coverage: 002491's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: 002491's interest payments on its debt are well covered by EBIT (21.2x coverage).