Tongda Group Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Tongda Group Holdings has a total shareholder equity of HK$7.0B and total debt of HK$2.9B, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are HK$13.3B and HK$6.3B respectively.
Key information
42.0%
Debt to equity ratio
HK$2.94b
Debt
| Interest coverage ratio | n/a |
| Cash | HK$1.42b |
| Equity | HK$7.00b |
| Total liabilities | HK$6.30b |
| Total assets | HK$13.30b |
Recent financial health updates
Is Tongda Group Holdings (HKG:698) A Risky Investment?
Nov 04
Here's Why Tongda Group Holdings (HKG:698) Has A Meaningful Debt Burden
Apr 22Tongda Group Holdings (HKG:698) Has A Somewhat Strained Balance Sheet
Jun 21Is Tongda Group Holdings (HKG:698) A Risky Investment?
Mar 09These 4 Measures Indicate That Tongda Group Holdings (HKG:698) Is Using Debt Extensively
Nov 26
Recent updates
Investors Don't See Light At End Of Tongda Group Holdings Limited's (HKG:698) Tunnel And Push Stock Down 26%
Jan 16What Is Tongda Group Holdings Limited's (HKG:698) Share Price Doing?
Jan 11Returns On Capital At Tongda Group Holdings (HKG:698) Paint A Concerning Picture
Dec 15Does Tongda Group Holdings (HKG:698) Deserve A Spot On Your Watchlist?
Nov 21Should You Think About Buying Tongda Group Holdings Limited (HKG:698) Now?
Oct 11Is Now The Time To Look At Buying Tongda Group Holdings Limited (HKG:698)?
May 08Is Tongda Group Holdings (HKG:698) A Risky Investment?
Nov 04Is Tongda Group Holdings Limited (HKG:698) Potentially Undervalued?
Sep 29Is It Time To Consider Buying Tongda Group Holdings Limited (HKG:698)?
Jun 16Here's Why Tongda Group Holdings (HKG:698) Has A Meaningful Debt Burden
Apr 22Tongda Group Holdings Limited Just Missed EPS By 38%: Here's What Analysts Think Will Happen Next
Mar 31Is It Time To Consider Buying Tongda Group Holdings Limited (HKG:698)?
Feb 23Is Tongda Group Holdings Limited (HKG:698) Trading At A 47% Discount?
Nov 29Tongda Group Holdings (HKG:698) Has A Somewhat Strained Balance Sheet
Jun 21Should Shareholders Worry About Tongda Group Holdings Limited's (HKG:698) CEO Compensation Package?
May 07At HK$0.58, Is Tongda Group Holdings Limited (HKG:698) Worth Looking At Closely?
Apr 29Is Tongda Group Holdings (HKG:698) A Risky Investment?
Mar 09How Much Did Tongda Group Holdings'(HKG:698) Shareholders Earn From Share Price Movements Over The Last Three Years?
Feb 16Is Tongda Group Holdings Limited (HKG:698) Potentially Undervalued?
Jan 26Could The Tongda Group Holdings Limited (HKG:698) Ownership Structure Tell Us Something Useful?
Dec 29Are Tongda Group Holdings's (HKG:698) Statutory Earnings A Good Guide To Its Underlying Profitability?
Dec 14These 4 Measures Indicate That Tongda Group Holdings (HKG:698) Is Using Debt Extensively
Nov 26Financial Position Analysis
Short Term Liabilities: 698's short term assets (HK$8.0B) exceed its short term liabilities (HK$5.1B).
Long Term Liabilities: 698's short term assets (HK$8.0B) exceed its long term liabilities (HK$1.2B).
Debt to Equity History and Analysis
Debt Level: 698's net debt to equity ratio (21.8%) is considered satisfactory.
Reducing Debt: 698's debt to equity ratio has reduced from 69.9% to 42% over the past 5 years.
Debt Coverage: 698's debt is well covered by operating cash flow (33%).
Interest Coverage: Insufficient data to determine if 698's interest payments on its debt are well covered by EBIT.