Tsaker New Energy Tech Balance Sheet Health
Financial Health criteria checks 5/6
Tsaker New Energy Tech has a total shareholder equity of CN¥2.1B and total debt of CN¥317.2M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are CN¥3.5B and CN¥1.4B respectively. Tsaker New Energy Tech's EBIT is CN¥96.1M making its interest coverage ratio 3.7. It has cash and short-term investments of CN¥300.3M.
Key information
15.4%
Debt to equity ratio
CN¥317.15m
Debt
| Interest coverage ratio | 3.7x |
| Cash | CN¥300.32m |
| Equity | CN¥2.05b |
| Total liabilities | CN¥1.40b |
| Total assets | CN¥3.45b |
Recent financial health updates
These 4 Measures Indicate That Tsaker New Energy Tech (HKG:1986) Is Using Debt Reasonably Well
Oct 28
Tsaker Chemical Group (HKG:1986) Seems To Use Debt Rather Sparingly
Jun 21Is Tsaker Chemical Group (HKG:1986) Using Too Much Debt?
Mar 29Does Tsaker Chemical Group (HKG:1986) Have A Healthy Balance Sheet?
Dec 17
Recent updates
Tsaker New Energy Tech's (HKG:1986) Soft Earnings Are Actually Better Than They Appear
Mar 25Tsaker New Energy Tech Co., Limited's (HKG:1986) Price Is Right But Growth Is Lacking
Feb 29Capital Allocation Trends At Tsaker New Energy Tech (HKG:1986) Aren't Ideal
Jan 24Tsaker New Energy Tech (HKG:1986) Has Announced That Its Dividend Will Be Reduced To CN¥0.032
Aug 25These 4 Measures Indicate That Tsaker New Energy Tech (HKG:1986) Is Using Debt Reasonably Well
Oct 28Tsaker New Energy Tech's (HKG:1986) Dividend Is Being Reduced To CN¥0.042
Sep 04The Return Trends At Tsaker Chemical Group (HKG:1986) Look Promising
Jul 08Tsaker Chemical Group (HKG:1986) Seems To Use Debt Rather Sparingly
Jun 21Tsaker Chemical Group (HKG:1986) Has Announced That Its Dividend Will Be Reduced To HK$0.047
Aug 22The Returns At Tsaker Chemical Group (HKG:1986) Aren't Growing
May 10Is Tsaker Chemical Group (HKG:1986) Using Too Much Debt?
Mar 29How Much Of Tsaker Chemical Group Limited (HKG:1986) Do Insiders Own?
Mar 08Is Tsaker Chemical Group Limited (HKG:1986) An Attractive Dividend Stock?
Feb 15Our Take On The Returns On Capital At Tsaker Chemical Group (HKG:1986)
Jan 31Would Shareholders Who Purchased Tsaker Chemical Group's (HKG:1986) Stock Three Years Be Happy With The Share price Today?
Jan 16A Look At The Fair Value Of Tsaker Chemical Group Limited (HKG:1986)
Jan 01Does Tsaker Chemical Group (HKG:1986) Have A Healthy Balance Sheet?
Dec 17How Much Of Tsaker Chemical Group Limited (HKG:1986) Do Insiders Own?
Dec 04Should You Use Tsaker Chemical Group's (HKG:1986) Statutory Earnings To Analyse It?
Nov 21Financial Position Analysis
Short Term Liabilities: 1986's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 1986's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥258.7M).
Debt to Equity History and Analysis
Debt Level: 1986's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: 1986's debt to equity ratio has reduced from 49.3% to 15.4% over the past 5 years.
Debt Coverage: 1986's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: 1986's interest payments on its debt are well covered by EBIT (3.7x coverage).