Tianjin Development Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Tianjin Development Holdings has a total shareholder equity of HK$17.3B and total debt of HK$2.0B, which brings its debt-to-equity ratio to 11.4%. Its total assets and total liabilities are HK$22.1B and HK$4.9B respectively. Tianjin Development Holdings's EBIT is HK$96.1M making its interest coverage ratio -0.6. It has cash and short-term investments of HK$6.5B.
Key information
11.4%
Debt to equity ratio
HK$1.97b
Debt
| Interest coverage ratio | -0.6x |
| Cash | HK$6.53b |
| Equity | HK$17.27b |
| Total liabilities | HK$4.86b |
| Total assets | HK$22.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TJN's short term assets (HK$10.5B) exceed its short term liabilities (HK$3.0B).
Long Term Liabilities: TJN's short term assets (HK$10.5B) exceed its long term liabilities (HK$1.9B).
Debt to Equity History and Analysis
Debt Level: TJN has more cash than its total debt.
Reducing Debt: TJN's debt to equity ratio has reduced from 12.9% to 11.4% over the past 5 years.
Debt Coverage: TJN's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: TJN earns more interest than it pays, so coverage of interest payments is not a concern.