Tan Chong International Balance Sheet Health
Financial Health criteria checks 3/6
Tan Chong International has a total shareholder equity of HK$12.2B and total debt of HK$7.9B, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are HK$23.3B and HK$11.1B respectively. Tan Chong International's EBIT is HK$606.9M making its interest coverage ratio 4.2. It has cash and short-term investments of HK$1.9B.
Key information
64.2%
Debt to equity ratio
HK$7.85b
Debt
Interest coverage ratio | 4.2x |
Cash | HK$1.91b |
Equity | HK$12.24b |
Total liabilities | HK$11.10b |
Total assets | HK$23.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T15's short term assets (HK$9.5B) exceed its short term liabilities (HK$7.5B).
Long Term Liabilities: T15's short term assets (HK$9.5B) exceed its long term liabilities (HK$3.6B).
Debt to Equity History and Analysis
Debt Level: T15's net debt to equity ratio (48.6%) is considered high.
Reducing Debt: T15's debt to equity ratio has increased from 26.8% to 64.2% over the past 5 years.
Debt Coverage: T15's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: T15's interest payments on its debt are well covered by EBIT (4.2x coverage).