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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 07:17 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Tianjin Development Holdings Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ronald Leung | BofA Global Research |
| Jake Li | Guotai Junan International Holdings Limited |
| Donald Cheng | Haitong International Research Limited (Inactive) |