Tong Ren Tang Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Tong Ren Tang Technologies has a total shareholder equity of CN¥9.7B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are CN¥13.5B and CN¥3.9B respectively. Tong Ren Tang Technologies's EBIT is CN¥1.1B making its interest coverage ratio -26.7. It has cash and short-term investments of CN¥4.2B.
Key information
15.1%
Debt to equity ratio
CN¥1.46b
Debt
Interest coverage ratio | -26.7x |
Cash | CN¥4.24b |
Equity | CN¥9.65b |
Total liabilities | CN¥3.86b |
Total assets | CN¥13.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNG's short term assets (CN¥10.1B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: TNG's short term assets (CN¥10.1B) exceed its long term liabilities (CN¥1.6B).
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 reduced from 15.3% to 15.1% over the past 5 years.
Debt Coverage: TNG's debt is well covered by operating cash flow (38.1%).
Interest Coverage: TNG earns more interest than it pays, so coverage of interest payments is not a concern.