Tongguan Gold Group Balance Sheet Health
Financial Health criteria checks 3/6
Tongguan Gold Group has a total shareholder equity of HK$2.5B and total debt of HK$606.3M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are HK$4.6B and HK$2.1B respectively. Tongguan Gold Group's EBIT is HK$211.6M making its interest coverage ratio 6.8. It has cash and short-term investments of HK$247.4M.
Key information
23.9%
Debt to equity ratio
HK$606.34m
Debt
| Interest coverage ratio | 6.8x |
| Cash | HK$247.42m |
| Equity | HK$2.54b |
| Total liabilities | HK$2.07b |
| Total assets | HK$4.61b |
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
We Like These Underlying Return On Capital Trends At Tongguan Gold Group (HKG:340)
Oct 09Solid 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$443.1M) do not cover its short term liabilities (HK$1.2B).
Long Term Liabilities: 340's short term assets (HK$443.1M) do not cover its long term liabilities (HK$821.2M).
Debt to Equity History and Analysis
Debt Level: 340's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: 340's debt to equity ratio has increased from 6.7% to 23.9% over the past 5 years.
Debt Coverage: 340's debt is well covered by operating cash flow (41.1%).
Interest Coverage: 340's interest payments on its debt are well covered by EBIT (6.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/15 12:01 |
| End of Day Share Price | 2025/02/14 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Tongguan Gold Group Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Suryanarayana Pentakota | Virtua Research Inc. |