Tianjin Port Development Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Tianjin Port Development Holdings has a total shareholder equity of HK$30.3B and total debt of HK$5.7B, which brings its debt-to-equity ratio to 18.8%. Its total assets and total liabilities are HK$40.6B and HK$10.3B respectively. Tianjin Port Development Holdings's EBIT is HK$1.7B making its interest coverage ratio 11.5. It has cash and short-term investments of HK$6.4B.
Key information
18.8%
Debt to equity ratio
HK$5.71b
Debt
Interest coverage ratio | 11.5x |
Cash | HK$6.41b |
Equity | HK$30.28b |
Total liabilities | HK$10.34b |
Total assets | HK$40.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T9P's short term assets (HK$8.8B) exceed its short term liabilities (HK$5.6B).
Long Term Liabilities: T9P's short term assets (HK$8.8B) exceed its long term liabilities (HK$4.7B).
Debt to Equity History and Analysis
Debt Level: T9P has more cash than its total debt.
Reducing Debt: T9P's debt to equity ratio has reduced from 59.9% to 18.8% over the past 5 years.
Debt Coverage: T9P's debt is well covered by operating cash flow (53.4%).
Interest Coverage: T9P's interest payments on its debt are well covered by EBIT (11.5x coverage).