Tungtex (Holdings) Balance Sheet Health
Financial Health criteria checks 4/6
Tungtex (Holdings) has a total shareholder equity of HK$386.1M and total debt of HK$51.4M, which brings its debt-to-equity ratio to 13.3%. Its total assets and total liabilities are HK$557.8M and HK$171.7M respectively.
Key information
13.3%
Debt to equity ratio
HK$51.39m
Debt
| Interest coverage ratio | n/a |
| Cash | HK$168.16m |
| Equity | HK$386.08m |
| Total liabilities | HK$171.69m |
| Total assets | HK$557.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TUGH.F's short term assets (HK$472.8M) exceed its short term liabilities (HK$169.8M).
Long Term Liabilities: TUGH.F's short term assets (HK$472.8M) exceed its long term liabilities (HK$1.9M).
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 41.5% to 13.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if TUGH.F has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TUGH.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.