Tat Hong Equipment Service Balance Sheet Health
Financial Health criteria checks 2/6
Tat Hong Equipment Service has a total shareholder equity of CN¥1.4B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 85.2%. Its total assets and total liabilities are CN¥3.2B and CN¥1.8B respectively.
Key information
85.2%
Debt to equity ratio
CN¥1.18b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥185.13m |
| Equity | CN¥1.38b |
| Total liabilities | CN¥1.83b |
| Total assets | CN¥3.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1Q2's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 1Q2's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥763.4M).
Debt to Equity History and Analysis
Debt Level: 1Q2's net debt to equity ratio (71.9%) is considered high.
Reducing Debt: 1Q2's debt to equity ratio has increased from 53.2% to 85.2% over the past 5 years.
Debt Coverage: 1Q2's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: Insufficient data to determine if 1Q2's interest payments on its debt are well covered by EBIT.