Tongguan Gold Group Balance Sheet Health
Financial Health criteria checks 2/6
Tongguan Gold Group has a total shareholder equity of HK$2.5B and total debt of HK$632.9M, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are HK$4.6B and HK$2.1B respectively. Tongguan Gold Group's EBIT is HK$92.3M making its interest coverage ratio 4.5. It has cash and short-term investments of HK$193.5M.
Key information
25.7%
Debt to equity ratio
HK$632.87m
Debt
| Interest coverage ratio | 4.5x |
| Cash | HK$193.53m |
| Equity | HK$2.46b |
| Total liabilities | HK$2.09b |
| Total assets | HK$4.55b |
Recent financial health updates
Is Tongguan Gold Group (HKG:340) A Risky Investment?
Aug 30
Tongguan Gold Group (HKG:340) Takes On Some Risk With Its Use Of Debt
May 23Recent updates
Solid Earnings May Not Tell The Whole Story For Tongguan Gold Group (HKG:340)
Apr 26Subdued Growth No Barrier To Tongguan Gold Group Limited (HKG:340) With Shares Advancing 30%
Apr 12Tongguan Gold Group Limited's (HKG:340) Business Is Yet to Catch Up With Its Share Price
Feb 09There's Been No Shortage Of Growth Recently For Tongguan Gold Group's (HKG:340) Returns On Capital
Oct 09The Return Trends At Tongguan Gold Group (HKG:340) Look Promising
May 19Tongguan Gold Group's (HKG:340) Returns On Capital Are Heading Higher
Jan 26Tongguan Gold Group Limited's (HKG:340) Business Is Yet to Catch Up With Its Share Price
Dec 07Tongguan Gold Group's (HKG:340) Returns On Capital Are Heading Higher
Sep 02The Return Trends At Tongguan Gold Group (HKG:340) Look Promising
May 13The Strong Earnings Posted By Tongguan Gold Group (HKG:340) Are A Good Indication Of The Strength Of The Business
Sep 14Is Tongguan Gold Group (HKG:340) A Risky Investment?
Aug 30Tongguan Gold Group (HKG:340) Takes On Some Risk With Its Use Of Debt
May 23Investors Will Want Tongguan Gold Group's (HKG:340) Growth In ROCE To Persist
Apr 26What Percentage Of Tongguan Gold Group Limited (HKG:340) Shares Do Insiders Own?
Jan 31How Much Did Tongguan Gold Group's(HKG:340) Shareholders Earn From Share Price Movements Over The Last Five Years?
Dec 07Financial Position Analysis
Short Term Liabilities: 340's short term assets (HK$364.1M) do not cover its short term liabilities (HK$1.0B).
Long Term Liabilities: 340's short term assets (HK$364.1M) do not cover its long term liabilities (HK$1.1B).
Debt to Equity History and Analysis
Debt Level: 340's net debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: 340's debt to equity ratio has increased from 4.8% to 25.7% over the past 5 years.
Debt Coverage: 340's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 340's interest payments on its debt are well covered by EBIT (4.5x coverage).