Tungtex (Holdings) Balance Sheet Health
Financial Health criteria checks 5/6
Tungtex (Holdings) has a total shareholder equity of HK$388.6M and total debt of HK$80.5M, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are HK$593.1M and HK$204.5M respectively. Tungtex (Holdings)'s EBIT is HK$11.6M making its interest coverage ratio 14.9. It has cash and short-term investments of HK$185.5M.
Key information
20.7%
Debt to equity ratio
HK$80.48m
Debt
Interest coverage ratio | 14.9x |
Cash | HK$185.51m |
Equity | HK$388.64m |
Total liabilities | HK$204.47m |
Total assets | HK$593.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TUGH.F's short term assets (HK$500.2M) exceed its short term liabilities (HK$199.0M).
Long Term Liabilities: TUGH.F's short term assets (HK$500.2M) exceed its long term liabilities (HK$5.5M).
Debt to Equity History and Analysis
Debt Level: TUGH.F has more cash than its total debt.
Reducing Debt: TUGH.F's debt to equity ratio has reduced from 25.7% to 20.7% over the past 5 years.
Debt Coverage: TUGH.F's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: TUGH.F's interest payments on its debt are well covered by EBIT (14.9x coverage).