Tianjin Port Development Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Tianjin Port Development Holdings has a total shareholder equity of HK$29.3B and total debt of HK$6.0B, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are HK$39.5B and HK$10.2B respectively. Tianjin Port Development Holdings's EBIT is HK$1.6B making its interest coverage ratio 9.9. It has cash and short-term investments of HK$6.4B.
Key information
20.4%
Debt to equity ratio
HK$5.96b
Debt
Interest coverage ratio | 9.9x |
Cash | HK$6.42b |
Equity | HK$29.28b |
Total liabilities | HK$10.20b |
Total assets | HK$39.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TJIP.Y's short term assets (HK$8.9B) exceed its short term liabilities (HK$5.6B).
Long Term Liabilities: TJIP.Y's short term assets (HK$8.9B) exceed its long term liabilities (HK$4.6B).
Debt to Equity History and Analysis
Debt Level: TJIP.Y has more cash than its total debt.
Reducing Debt: TJIP.Y's debt to equity ratio has reduced from 59.5% to 20.4% over the past 5 years.
Debt Coverage: TJIP.Y's debt is well covered by operating cash flow (51.2%).
Interest Coverage: TJIP.Y's interest payments on its debt are well covered by EBIT (9.9x coverage).