Tungray Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Tungray Technologies has a total shareholder equity of $16.2M and total debt of $2.1M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are $26.9M and $10.6M respectively. Tungray Technologies's EBIT is $1.1M making its interest coverage ratio 7. It has cash and short-term investments of $10.8M.
Key information
12.9%
Debt to equity ratio
US$2.09m
Debt
| Interest coverage ratio | 7x |
| Cash | US$10.80m |
| Equity | US$16.22m |
| Total liabilities | US$10.65m |
| Total assets | US$26.87m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TRSG's short term assets ($18.5M) exceed its short term liabilities ($8.3M).
Long Term Liabilities: TRSG's short term assets ($18.5M) exceed its long term liabilities ($2.3M).
Debt to Equity History and Analysis
Debt Level: TRSG has more cash than its total debt.
Reducing Debt: Insufficient data to determine if TRSG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TRSG's debt is well covered by operating cash flow (21.6%).
Interest Coverage: TRSG's interest payments on its debt are well covered by EBIT (7x coverage).