Ta Yang Group Holdings Balance Sheet Health

Financial Health criteria checks 1/6

Ta Yang Group Holdings has a total shareholder equity of HK$146.0M and total debt of HK$163.7M, which brings its debt-to-equity ratio to 112.1%. Its total assets and total liabilities are HK$875.4M and HK$729.4M respectively.

Key information

112.1%

Debt to equity ratio

HK$163.72m

Debt

Interest coverage ratio	n/a
Cash	HK$51.38m
Equity	HK$146.04m
Total liabilities	HK$729.35m
Total assets	HK$875.39m

Recent financial health updates

Recent updates

Shareholders Should Be Pleased With Ta Yang Group Holdings Limited's (HKG:1991) Price

Mar 02

Optimistic Investors Push Ta Yang Group Holdings Limited (HKG:1991) Shares Up 37% But Growth Is Lacking

Apr 18

Is Ta Yang Group Holdings (HKG:1991) Using Too Much Debt?

Oct 13

Is Ta Yang Group Holdings (HKG:1991) Weighed On By Its Debt Load?

Nov 08

Is Ta Yang Group Holdings (HKG:1991) Weighed On By Its Debt Load?

Apr 02

Financial Position Analysis

Short Term Liabilities: 1991's short term assets (HK$571.1M) do not cover its short term liabilities (HK$664.8M).

Long Term Liabilities: 1991's short term assets (HK$571.1M) exceed its long term liabilities (HK$64.6M).

Debt to Equity History and Analysis

Debt Level: 1991's net debt to equity ratio (76.9%) is considered high.

Reducing Debt: 1991's debt to equity ratio has increased from 72.3% to 112.1% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 1991 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 1991 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

Ta Yang Group Holdings Balance Sheet Health

Financial Health criteria checks 1/6

Key information

Recent financial health updates

Is Ta Yang Group Holdings (HKG:1991) Using Too Much Debt?

Is Ta Yang Group Holdings (HKG:1991) Weighed On By Its Debt Load?

Is Ta Yang Group Holdings (HKG:1991) Weighed On By Its Debt Load?

Recent updates

New minor risk - Financial data availability

Ta Yang Group Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024

Shareholders Should Be Pleased With Ta Yang Group Holdings Limited's (HKG:1991) Price

New minor risk - Shareholder dilution

Ta Yang Group Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 78.40602 million.

New minor risk - Share price stability

First half 2023 earnings released: HK$0.016 loss per share (vs HK$0.033 loss in 1H 2022)

Ta Yang Group Holdings Limited to Report First Half, 2023 Results on Aug 29, 2023

Ta Yang Group Holdings Limited announced that it has received HKD 40 million in funding from Rising Jiarui Investment Management Co., Ltd.

Ta Yang Group Holdings Limited announced that it expects to receive HKD 40 million in funding from Rising Jiarui Investment Management Co., Ltd.

Ta Yang Group Holdings Limited Appoints Zheng Changxing as Independent Non-Executive Director

Optimistic Investors Push Ta Yang Group Holdings Limited (HKG:1991) Shares Up 37% But Growth Is Lacking

Ta Yang Group Holdings Limited Announces Executive Changes

Ta Yang Group Holdings Limited Announces Appointment of Gu Shixiang as Non-Executive Director

Less than half of directors are independent

Ta Yang Group Holdings Limited Announces CEO Changes

Is Ta Yang Group Holdings (HKG:1991) Using Too Much Debt?

First half 2022 earnings released: HK$0.033 loss per share (vs HK$0.018 loss in 1H 2021)

Ta Yang Group Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2022

Ta Yang Group Holdings Limited to Report Second Half, 2022 Results on Aug 29, 2022

Ta Yang Group Holdings Limited Announces Resignation of Liu Wengang as Executive Director, Chairman of the Executive Committee

Cheng Hong Resigns as an Executive Director and A Member of the Executive Committee of Ta Yang Group Holdings Limited

Less than half of directors are independent

Ta Yang Group Holdings Limited Announces Management Changes

Full year 2021 earnings released: HK$0.075 loss per share (vs HK$0.11 loss in FY 2020)

Is Ta Yang Group Holdings (HKG:1991) Weighed On By Its Debt Load?

First half 2021 earnings released: HK$0.018 loss per share (vs HK$0.032 loss in 1H 2020)

First half 2021 earnings released: HK$0.018 loss per share (vs HK$0.032 loss in 1H 2020)

Independent Non-Executive Director Gang Liu has left the company

Independent Non-Executive Director Lijuan Zhang has left the company

Independent Non-Executive Director Lijuan Zhang has left the company

Company Secretary Chu Wing Lo has left the company

Company Secretary Chu Wing Lo has left the company

United Crown Century Company Limited agreed to acquire 71% stake in Ta Yang Medical Investment Limited from Ta Yang Group Holdings Limited (SEHK:1991) for HKD 17.7 million.

Ta Yang Group Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 60.98246 million.

Independent Non-Executive Director recently bought HK$52k worth of stock

Is Ta Yang Group Holdings (HKG:1991) Weighed On By Its Debt Load?

Full year 2020 earnings released: HK$0.11 loss per share (vs HK$0.07 loss in FY 2019)

Ta Yang Group Holdings Limited to Report Fiscal Year 2020 Results on Mar 31, 2021

Ta Yang Group Holdings Limited Announces Board and Change Board Committee Changes

New 90-day high: HK$0.24

First half earnings released

First half earnings released

Ta Yang Group Holdings Limited Announces Change of Chief Executive Officer

Ta Yang Group Holdings Limited to Report First Half, 2020 Results on Aug 31, 2020

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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