Tang Palace (China) Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Tang Palace (China) Holdings has a total shareholder equity of CN¥241.0M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥805.7M and CN¥564.8M respectively. Tang Palace (China) Holdings's EBIT is CN¥62.8M making its interest coverage ratio 8.6. It has cash and short-term investments of CN¥321.4M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | 8.6x |
| Cash | CN¥321.37m |
| Equity | CN¥240.95m |
| Total liabilities | CN¥564.79m |
| Total assets | CN¥805.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNGP.F's short term assets (CN¥390.3M) exceed its short term liabilities (CN¥388.2M).
Long Term Liabilities: TNGP.F's short term assets (CN¥390.3M) exceed its long term liabilities (CN¥176.6M).
Debt to Equity History and Analysis
Debt Level: TNGP.F is debt free.
Reducing Debt: TNGP.F has no debt compared to 5 years ago when its debt to equity ratio was 15.8%.
Debt Coverage: TNGP.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TNGP.F has no debt, therefore coverage of interest payments is not a concern.