Tongda Group Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Tongda Group Holdings has a total shareholder equity of HK$7.0B and total debt of HK$2.9B, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are HK$13.3B and HK$6.3B respectively.
Key information
42.0%
Debt to equity ratio
HK$2.94b
Debt
Interest coverage ratio | n/a |
Cash | HK$1.42b |
Equity | HK$7.00b |
Total liabilities | HK$6.30b |
Total assets | HK$13.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TJC's short term assets (HK$8.0B) exceed its short term liabilities (HK$5.1B).
Long Term Liabilities: TJC's short term assets (HK$8.0B) exceed its long term liabilities (HK$1.2B).
Debt to Equity History and Analysis
Debt Level: TJC's net debt to equity ratio (21.8%) is considered satisfactory.
Reducing Debt: TJC's debt to equity ratio has reduced from 69.9% to 42% over the past 5 years.
Debt Coverage: TJC's debt is well covered by operating cash flow (33%).
Interest Coverage: Insufficient data to determine if TJC's interest payments on its debt are well covered by EBIT.