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.