Tianjin Development Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Tianjin Development Holdings has a total shareholder equity of HK$16.6B and total debt of HK$1.8B, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are HK$21.5B and HK$4.9B respectively. Tianjin Development Holdings's EBIT is HK$23.5M making its interest coverage ratio -0.2. It has cash and short-term investments of HK$5.4B.
Key information
10.9%
Debt to equity ratio
HK$1.81b
Debt
Interest coverage ratio | -0.2x |
Cash | HK$5.38b |
Equity | HK$16.60b |
Total liabilities | HK$4.94b |
Total assets | HK$21.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TJSC.F's short term assets (HK$10.2B) exceed its short term liabilities (HK$3.0B).
Long Term Liabilities: TJSC.F's short term assets (HK$10.2B) exceed its long term liabilities (HK$1.9B).
Debt to Equity History and Analysis
Debt Level: TJSC.F has more cash than its total debt.
Reducing Debt: TJSC.F's debt to equity ratio has reduced from 14% to 10.9% over the past 5 years.
Debt Coverage: TJSC.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TJSC.F earns more interest than it pays, so coverage of interest payments is not a concern.