Tong Ren Tang Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Tong Ren Tang Technologies has a total shareholder equity of CN¥9.8B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are CN¥14.3B and CN¥4.4B respectively. Tong Ren Tang Technologies's EBIT is CN¥1.1B making its interest coverage ratio -29.3. It has cash and short-term investments of CN¥4.4B.
Key information
22.7%
Debt to equity ratio
CN¥2.24b
Debt
| Interest coverage ratio | -29.3x |
| Cash | CN¥4.36b |
| Equity | CN¥9.85b |
| Total liabilities | CN¥4.44b |
| Total assets | CN¥14.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNG's short term assets (CN¥10.8B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: TNG's short term assets (CN¥10.8B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: TNG has more cash than its total debt.
Reducing Debt: TNG's debt to equity ratio has increased from 12.9% to 22.7% over the past 5 years.
Debt Coverage: TNG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TNG earns more interest than it pays, so coverage of interest payments is not a concern.