Tat Hong Equipment Service Balance Sheet Health
Financial Health criteria checks 3/6
Tat Hong Equipment Service has a total shareholder equity of CN¥1.4B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 77.1%. Its total assets and total liabilities are CN¥3.1B and CN¥1.7B respectively.
Key information
77.1%
Debt to equity ratio
CN¥1.10b
Debt
Interest coverage ratio | n/a |
Cash | CN¥154.51m |
Equity | CN¥1.42b |
Total liabilities | CN¥1.66b |
Total assets | CN¥3.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1Q2's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥903.1M).
Long Term Liabilities: 1Q2's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥753.4M).
Debt to Equity History and Analysis
Debt Level: 1Q2's net debt to equity ratio (66.2%) is considered high.
Reducing Debt: 1Q2's debt to equity ratio has increased from 52.2% to 77.1% over the past 5 years.
Debt Coverage: 1Q2's debt is well covered by operating cash flow (22.6%).
Interest Coverage: Insufficient data to determine if 1Q2's interest payments on its debt are well covered by EBIT.