Tongda Hong Tai Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Tongda Hong Tai Holdings has a total shareholder equity of HK$-170.9M and total debt of HK$73.5M, which brings its debt-to-equity ratio to -43%. Its total assets and total liabilities are HK$145.7M and HK$316.6M respectively.
Key information
-43.0%
Debt to equity ratio
HK$73.51m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$88.80m |
| Equity | -HK$170.92m |
| Total liabilities | HK$316.62m |
| Total assets | HK$145.70m |
Recent financial health updates
Is Tongda Hong Tai Holdings (HKG:2363) Using Too Much Debt?
Dec 10
Is Tongda Hong Tai Holdings (HKG:2363) Weighed On By Its Debt Load?
Aug 27Is Tongda Hong Tai Holdings (HKG:2363) Using Debt In A Risky Way?
Apr 02Is Tongda Hong Tai Holdings (HKG:2363) Weighed On By Its Debt Load?
Dec 18Recent updates
Tongda Hong Tai Holdings Limited's (HKG:2363) 44% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
May 21Subdued Growth No Barrier To Tongda Hong Tai Holdings Limited's (HKG:2363) Price
Jan 06Is Tongda Hong Tai Holdings (HKG:2363) Using Too Much Debt?
Dec 10Is Tongda Hong Tai Holdings (HKG:2363) Weighed On By Its Debt Load?
Aug 27Is Tongda Hong Tai Holdings (HKG:2363) Using Debt In A Risky Way?
Apr 02Is Tongda Hong Tai Holdings (HKG:2363) Weighed On By Its Debt Load?
Dec 18Financial Position Analysis
Short Term Liabilities: 2363 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 2363 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 2363 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 2363's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: Whilst unprofitable 2363 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2363 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 24.6% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/05 05:14 |
| End of Day Share Price | 2025/01/03 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 here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
Tongda Hong Tai Holdings Limited is covered by 0 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 |
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