Tongcheng Travel Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Tongcheng Travel Holdings has a total shareholder equity of CN¥18.5B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 13.8%. Its total assets and total liabilities are CN¥31.7B and CN¥13.2B respectively. Tongcheng Travel Holdings's EBIT is CN¥1.9B making its interest coverage ratio -13.6. It has cash and short-term investments of CN¥9.5B.
Key information
13.8%
Debt to equity ratio
CN¥2.55b
Debt
Interest coverage ratio | -13.6x |
Cash | CN¥9.47b |
Equity | CN¥18.55b |
Total liabilities | CN¥13.17b |
Total assets | CN¥31.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 780's short term assets (CN¥14.9B) exceed its short term liabilities (CN¥11.9B).
Long Term Liabilities: 780's short term assets (CN¥14.9B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 780 has more cash than its total debt.
Reducing Debt: 780's debt to equity ratio has increased from 1.5% to 13.8% over the past 5 years.
Debt Coverage: 780's debt is well covered by operating cash flow (156.9%).
Interest Coverage: 780 earns more interest than it pays, so coverage of interest payments is not a concern.