Thang Long Investment Group Balance Sheet Health
Financial Health criteria checks 4/6
Thang Long Investment Group has a total shareholder equity of ₫2,580.4B and total debt of ₫577.0B, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are ₫4,175.3B and ₫1,595.0B respectively. Thang Long Investment Group's EBIT is ₫112.8B making its interest coverage ratio -0.7. It has cash and short-term investments of ₫515.6B.
Key information
22.4%
Debt to equity ratio
₫576.95b
Debt
| Interest coverage ratio | -0.7x |
| Cash | ₫515.61b |
| Equity | ₫2.58t |
| Total liabilities | ₫1.59t |
| Total assets | ₫4.18t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIG's short term assets (₫1,446.1B) exceed its short term liabilities (₫698.6B).
Long Term Liabilities: TIG's short term assets (₫1,446.1B) exceed its long term liabilities (₫896.4B).
Debt to Equity History and Analysis
Debt Level: TIG's net debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: TIG's debt to equity ratio has increased from 7.1% to 22.4% over the past 5 years.
Debt Coverage: TIG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TIG earns more interest than it pays, so coverage of interest payments is not a concern.