Zhejiang Tengy Environmental Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Tengy Environmental Technology has a total shareholder equity of CN¥870.2M and total debt of CN¥89.5M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are CN¥1.8B and CN¥926.7M respectively. Zhejiang Tengy Environmental Technology's EBIT is CN¥70.9M making its interest coverage ratio 8.3. It has cash and short-term investments of CN¥453.1M.
Key information
10.3%
Debt to equity ratio
CN¥89.50m
Debt
| Interest coverage ratio | 8.3x |
| Cash | CN¥453.14m |
| Equity | CN¥870.18m |
| Total liabilities | CN¥926.68m |
| Total assets | CN¥1.80b |
Recent financial health updates
Is Zhejiang Tengy Environmental Technology (HKG:1527) Using Debt Sensibly?
Nov 28
Is Zhejiang Tengy Environmental Technology (HKG:1527) Using Too Much Debt?
May 10These 4 Measures Indicate That Zhejiang Tengy Environmental Technology (HKG:1527) Is Using Debt Safely
Nov 29Is Zhejiang Tengy Environmental Technology (HKG:1527) Using Too Much Debt?
Jun 16Is Zhejiang Tengy Environmental Technology (HKG:1527) A Risky Investment?
Sep 05Is Zhejiang Tengy Environmental Technology (HKG:1527) A Risky Investment?
Apr 02Recent updates
Zhejiang Tengy Environmental Technology's (HKG:1527) Soft Earnings Don't Show The Whole Picture
May 06Market Cool On Zhejiang Tengy Environmental Technology Co., Ltd's (HKG:1527) Earnings
Apr 08Is Zhejiang Tengy Environmental Technology (HKG:1527) Using Debt Sensibly?
Nov 28Is Zhejiang Tengy Environmental Technology (HKG:1527) Using Too Much Debt?
May 10Zhejiang Tengy Environmental Technology's (HKG:1527) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Mar 18These 4 Measures Indicate That Zhejiang Tengy Environmental Technology (HKG:1527) Is Using Debt Safely
Nov 29Zhejiang Tengy Environmental Technology's (HKG:1527) Earnings Are Of Questionable Quality
Sep 26Is Zhejiang Tengy Environmental Technology (HKG:1527) Using Too Much Debt?
Jun 16Returns On Capital At Zhejiang Tengy Environmental Technology (HKG:1527) Paint A Concerning Picture
May 04Is Zhejiang Tengy Environmental Technology (HKG:1527) A Risky Investment?
Sep 05Some Investors May Be Worried About Zhejiang Tengy Environmental Technology's (HKG:1527) Returns On Capital
May 25Is Zhejiang Tengy Environmental Technology (HKG:1527) A Risky Investment?
Apr 02Is Zhejiang Tengy Environmental Technology (HKG:1527) Likely To Turn Things Around?
Jan 27Is Zhejiang Tengy Environmental Technology (HKG:1527) A Risky Investment?
Dec 05
Financial Position Analysis
Short Term Liabilities: 1527's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥926.7M).
Long Term Liabilities: 1527 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 1527 has more cash than its total debt.
Reducing Debt: 1527's debt to equity ratio has reduced from 15.1% to 10.3% over the past 5 years.
Debt Coverage: 1527's debt is well covered by operating cash flow (282.6%).
Interest Coverage: 1527's interest payments on its debt are well covered by EBIT (8.3x coverage).