Texhong International Group Balance Sheet Health
Financial Health criteria checks 2/6
Texhong International Group has a total shareholder equity of CN¥9.8B and total debt of CN¥10.2B, which brings its debt-to-equity ratio to 104.9%. Its total assets and total liabilities are CN¥22.8B and CN¥13.1B respectively. Texhong International Group's EBIT is CN¥516.0M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥2.5B.
Key information
104.9%
Debt to equity ratio
CN¥10.23b
Debt
Interest coverage ratio | 1.2x |
Cash | CN¥2.50b |
Equity | CN¥9.76b |
Total liabilities | CN¥13.06b |
Total assets | CN¥22.81b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2678's short term assets (CN¥11.7B) exceed its short term liabilities (CN¥9.1B).
Long Term Liabilities: 2678's short term assets (CN¥11.7B) exceed its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: 2678's net debt to equity ratio (79.3%) is considered high.
Reducing Debt: 2678's debt to equity ratio has increased from 104.3% to 104.9% over the past 5 years.
Debt Coverage: 2678's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: 2678's interest payments on its debt are not well covered by EBIT (1.2x coverage).