Tungtex (Holdings) Balance Sheet Health
Financial Health criteria checks 5/6
Tungtex (Holdings) has a total shareholder equity of HK$386.6M and total debt of HK$46.0M, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are HK$535.3M and HK$148.6M respectively.
Key information
11.9%
Debt to equity ratio
HK$45.97m
Debt
Interest coverage ratio | n/a |
Cash | HK$182.09m |
Equity | HK$386.64m |
Total liabilities | HK$148.65m |
Total assets | HK$535.28m |
Recent financial health updates
Recent updates
Tungtex (Holdings) (HKG:518) Is Experiencing Growth In Returns On Capital
Nov 17The Return Trends At Tungtex (Holdings) (HKG:518) Look Promising
Jun 13We Think Shareholders Are Less Likely To Approve A Pay Rise For Tungtex (Holdings) Company Limited's (HKG:518) CEO For Now
Aug 18We're Not Counting On Tungtex (Holdings) (HKG:518) To Sustain Its Statutory Profitability
Jan 31Is Tungtex (Holdings) (HKG:518) Using Debt Sensibly?
Dec 28Michael Webb of Tungtex (Holdings) Company Limited (HKG:518) Just Spent HK$1.6m On Shares
Nov 21Financial Position Analysis
Short Term Liabilities: 518's short term assets (HK$446.8M) exceed its short term liabilities (HK$145.0M).
Long Term Liabilities: 518's short term assets (HK$446.8M) exceed its long term liabilities (HK$3.6M).
Debt to Equity History and Analysis
Debt Level: 518 has more cash than its total debt.
Reducing Debt: 518's debt to equity ratio has reduced from 38% to 11.9% over the past 5 years.
Debt Coverage: 518's debt is well covered by operating cash flow (62.2%).
Interest Coverage: Insufficient data to determine if 518's interest payments on its debt are well covered by EBIT.