Tonking New Energy Group Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Tonking New Energy Group Holdings has a total shareholder equity of HK$251.7M and total debt of HK$101.3M, which brings its debt-to-equity ratio to 40.2%. Its total assets and total liabilities are HK$494.7M and HK$243.0M respectively. Tonking New Energy Group Holdings's EBIT is HK$35.7M making its interest coverage ratio 10.1. It has cash and short-term investments of HK$33.3M.
Key information
40.2%
Debt to equity ratio
HK$101.32m
Debt
| Interest coverage ratio | 10.1x |
| Cash | HK$33.25m |
| Equity | HK$251.72m |
| Total liabilities | HK$242.98m |
| Total assets | HK$494.70m |
Recent financial health updates
These 4 Measures Indicate That Tonking New Energy Group Holdings (HKG:8326) Is Using Debt Safely
Jul 09
Does Tonking New Energy Group Holdings (HKG:8326) Have A Healthy Balance Sheet?
Dec 30Here's Why Tonking New Energy Group Holdings (HKG:8326) Can Manage Its Debt Responsibly
Jun 30Here's Why Tonking New Energy Group Holdings (HKG:8326) Can Afford Some Debt
Feb 28Is Tonking New Energy Group Holdings (HKG:8326) A Risky Investment?
Nov 15Tonking New Energy Group Holdings (HKG:8326) Is Making Moderate Use Of Debt
Jul 01Recent updates
Not Many Are Piling Into Tonking New Energy Group Holdings Limited (HKG:8326) Just Yet
Jan 05Returns On Capital At Tonking New Energy Group Holdings (HKG:8326) Have Hit The Brakes
Sep 25With EPS Growth And More, Tonking New Energy Group Holdings (HKG:8326) Makes An Interesting Case
Aug 04These 4 Measures Indicate That Tonking New Energy Group Holdings (HKG:8326) Is Using Debt Safely
Jul 09Tonking New Energy Group Holdings (HKG:8326) Is Looking To Continue Growing Its Returns On Capital
Jun 12Here's Why Tonking New Energy Group Holdings (HKG:8326) Has Caught The Eye Of Investors
Apr 18Tonking New Energy Group Holdings (HKG:8326) Is Looking To Continue Growing Its Returns On Capital
Mar 13Does Tonking New Energy Group Holdings (HKG:8326) Have A Healthy Balance Sheet?
Dec 30Tonking New Energy Group Holdings (HKG:8326) Is Doing The Right Things To Multiply Its Share Price
Dec 08Here's Why We Think Tonking New Energy Group Holdings (HKG:8326) Might Deserve Your Attention Today
Nov 17A Look At The Intrinsic Value Of Tonking New Energy Group Holdings Limited (HKG:8326)
Aug 22Here's Why Tonking New Energy Group Holdings (HKG:8326) Can Manage Its Debt Responsibly
Jun 30Here's Why Tonking New Energy Group Holdings (HKG:8326) Can Afford Some Debt
Feb 28Is Tonking New Energy Group Holdings (HKG:8326) A Risky Investment?
Nov 15Should Shareholders Reconsider Tonking New Energy Group Holdings Limited's (HKG:8326) CEO Compensation Package?
Aug 11Tonking New Energy Group Holdings (HKG:8326) Is Making Moderate Use Of Debt
Jul 01Tonking New Energy Group Holdings Limited's (HKG:8326) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Dec 16Financial Position Analysis
Short Term Liabilities: 8326's short term assets (HK$453.0M) exceed its short term liabilities (HK$230.1M).
Long Term Liabilities: 8326's short term assets (HK$453.0M) exceed its long term liabilities (HK$12.9M).
Debt to Equity History and Analysis
Debt Level: 8326's net debt to equity ratio (27%) is considered satisfactory.
Reducing Debt: 8326's debt to equity ratio has reduced from 46.1% to 40.2% over the past 5 years.
Debt Coverage: 8326's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8326's interest payments on its debt are well covered by EBIT (10.1x coverage).