Tongda Hong Tai Holdings Balance Sheet Health
Financial Health criteria checks 0/6
Tongda Hong Tai Holdings has a total shareholder equity of HK$-176.0M and total debt of HK$243.9M, which brings its debt-to-equity ratio to -138.6%. Its total assets and total liabilities are HK$158.5M and HK$334.5M respectively. Tongda Hong Tai Holdings's EBIT is HK$2.1M making its interest coverage ratio 0.2. It has cash and short-term investments of HK$81.4M.
Key information
-138.61%
Debt to equity ratio
HK$243.94m
Debt
| Interest coverage ratio | 0.2x |
| Cash | HK$81.37m |
| Equity | -HK$175.99m |
| Total liabilities | HK$334.49m |
| Total assets | HK$158.49m |
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) 32% Share Price Surge Not Quite Adding Up
Sep 07Shareholders Would Enjoy A Repeat Of Tongda Hong Tai Holdings' (HKG:2363) Recent Growth In Returns
Sep 01Why We Think Tongda Hong Tai Holdings Limited's (HKG:2363) CEO Compensation Is Not Excessive At All
May 01Tongda 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.
Debt Coverage: 2363's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2363's interest payments on its debt are not well covered by EBIT (0.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/04 21:48 |
| End of Day Share Price | 2025/10/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
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
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.