Tsingtao Brewery Balance Sheet Health
Financial Health criteria checks 6/6
Tsingtao Brewery has a total shareholder equity of CN¥29.8B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥50.5B and CN¥20.6B respectively. Tsingtao Brewery's EBIT is CN¥4.5B making its interest coverage ratio -6.4. It has cash and short-term investments of CN¥24.7B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -6.4x |
Cash | CN¥24.69b |
Equity | CN¥29.85b |
Total liabilities | CN¥20.61b |
Total assets | CN¥50.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TSGT.F's short term assets (CN¥30.1B) exceed its short term liabilities (CN¥16.5B).
Long Term Liabilities: TSGT.F's short term assets (CN¥30.1B) exceed its long term liabilities (CN¥4.1B).
Debt to Equity History and Analysis
Debt Level: TSGT.F is debt free.
Reducing Debt: TSGT.F has no debt compared to 5 years ago when its debt to equity ratio was 1.6%.
Debt Coverage: TSGT.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TSGT.F has no debt, therefore coverage of interest payments is not a concern.