Tonking New Energy Group Holdings Ltd
HKEX:8326
Bankruptcy Probability
Tonking New Energy Group Holdings Ltd's probability of bankruptcy is 1%, making a collapse highly unlikely. The solvency score is 75/100 — a strong indicator of financial stability.
We take all the information about a company's solvency (such as how easily a company can pay interest on its outstanding debt, how much cash it has, the amount of debt, and more) and use it to estimate the probability of bankruptcy.
Solvency Ratios
Solvency Ratios Comparison
Tonking New Energy Group Holdings Ltd Competitors
| Country | Company | Market Cap | D/E | D/A |
Interest Coverage |
Altman Z-Score |
Quick Ratio |
Current Ratio |
Cash Ratio |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| HK |
T
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Tonking New Energy Group Holdings Ltd
HKEX:8326
|
196.3m HKD |
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| CN |
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China Yangtze Power Co Ltd
SSE:600900
|
673.4B CNY |
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| ID |
B
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Barito Renewables Energy PT Tbk
IDX:BREN
|
852.9T IDR |
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Huaneng Lancang River Hydropower Inc
SSE:600025
|
189.9B CNY |
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| CN |
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China Longyuan Power Group Corp Ltd
HKEX:916
|
180.8B HKD |
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| CN |
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China Three Gorges Renewables Group Co Ltd
SSE:600905
|
127.5B CNY |
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| ES |
E
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EDP Renovaveis SA
ELI:EDPR
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14.4B EUR |
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| IN |
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Adani Green Energy Ltd
NSE:ADANIGREEN
|
1.4T INR |
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| RO |
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Societatea de Producere a Energiei Electrice in Hidrocentrale Hidroelectrica SA
F:E28
|
12.6B EUR |
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| CN |
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Sichuan Chuantou Energy Co Ltd
SSE:600674
|
79.2B CNY |
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| BM |
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Brookfield Renewable Partners LP
TSX:BEP.UN
|
12.7B CAD |
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Tonking New Energy Group Holdings Ltd's probability of bankruptcy is 1%, making a collapse highly unlikely.
The probability of bankruptcy is estimated using credit risk models that assess its financial health, debt levels, interest coverage, and other solvency indicators.
As of the latest report, Tonking New Energy Group Holdings Ltd has total debt of 62.8m HKD. This includes both short-term (49.7m HKD) and long-term (13.1m HKD) debt.
You can find a full breakdown on its Balance Sheet.