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Texhong Textile Group Ltd
HKEX:2678

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Texhong Textile Group Ltd
HKEX:2678
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Price: 6.55 HKD 1.24% Market Closed
Market Cap: HK$6B

Bankruptcy Probability

Texhong Textile Group Ltd's probability of bankruptcy is 1.1%, making a collapse highly unlikely. The solvency score is 50/100 — a warning sign of potential financial weakness.

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.

Very Low
Probability of Bankruptcy

Financial Position

Cash & ST Investments
+
3Y
+27%
5Y
-25%
10Y
+219%
Long-Term Investments
+
3Y
+28%
5Y
+171%
10Y
+1 125%
Debt
+
3Y
-49%
5Y
-59%
10Y
+6%

Solvency Ratios

Solvency Ratios Comparison
Texhong Textile Group Ltd Competitors

Country Company Market Cap D/E D/A Interest
Coverage
Altman
Z-Score
Quick
Ratio
Current
Ratio
Cash
Ratio
HK
Texhong Textile Group Ltd
HKEX:2678
6B HKD
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HK
Cecep Costin New Materials Group Ltd
HKEX:2228
36.5B HKD
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CN
Shijiazhuang ChangShan BeiMing Technology Co Ltd
SZSE:000158
27.7B CNY
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CN
Hmt Xiamen New Technical Materials Co Ltd
SSE:603306
24.6B CNY
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IN
Spentex Industries Ltd
NSE:SPENTEX
291.1B INR
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TW
Eclat Textile Co Ltd
TWSE:1476
95.5B TWD
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IN
Sumeet Industries Ltd
NSE:SUMEETINDS
260B INR
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CN
Weiqiao Textile Co Ltd
HKEX:2698
21.1B HKD
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CN
Deyun Holding Ltd
HKEX:1440
18.4B HKD
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UK
Coats Group PLC
LSE:COA
1.6B GBP
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IN
Vardhman Textiles Ltd
NSE:VTL
152.1B INR
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No Stocks Found
Is Texhong Textile Group Ltd at risk of bankruptcy?

Texhong Textile Group Ltd's probability of bankruptcy is 1.1%, 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.

How much debt does Texhong Textile Group Ltd have?

As of the latest report, Texhong Textile Group Ltd has total debt of 2B CNY. This includes both short-term (15.7m CNY) and long-term (2B CNY) debt.

You can find a full breakdown on its Balance Sheet.

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