Shandong Linglong TyreLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Linglong TyreLtd has a total shareholder equity of CN¥21.9B and total debt of CN¥13.7B, which brings its debt-to-equity ratio to 62.7%. Its total assets and total liabilities are CN¥46.0B and CN¥24.1B respectively. Shandong Linglong TyreLtd's EBIT is CN¥2.5B making its interest coverage ratio 18.9. It has cash and short-term investments of CN¥4.3B.
Key information
62.7%
Debt to equity ratio
CN¥13.72b
Debt
| Interest coverage ratio | 18.9x |
| Cash | CN¥4.33b |
| Equity | CN¥21.87b |
| Total liabilities | CN¥24.10b |
| Total assets | CN¥45.96b |
Recent financial health updates
We Think Shandong Linglong TyreLtd (SHSE:601966) Can Stay On Top Of Its Debt
Dec 19
Is Shandong Linglong TyreLtd (SHSE:601966) A Risky Investment?
Sep 17We Think Shandong Linglong TyreLtd (SHSE:601966) Is Taking Some Risk With Its Debt
May 28Shandong Linglong TyreLtd (SHSE:601966) Takes On Some Risk With Its Use Of Debt
Feb 27Recent updates
We Think Shandong Linglong TyreLtd (SHSE:601966) Can Stay On Top Of Its Debt
Dec 19The Market Doesn't Like What It Sees From Shandong Linglong Tyre Co.,Ltd.'s (SHSE:601966) Earnings Yet
Nov 18Is There Now An Opportunity In Shandong Linglong Tyre Co.,Ltd. (SHSE:601966)?
Oct 02Is Shandong Linglong TyreLtd (SHSE:601966) A Risky Investment?
Sep 17Shandong Linglong TyreLtd's (SHSE:601966) Returns Have Hit A Wall
Aug 28Not Many Are Piling Into Shandong Linglong Tyre Co.,Ltd. (SHSE:601966) Just Yet
Aug 13What Is Shandong Linglong Tyre Co.,Ltd.'s (SHSE:601966) Share Price Doing?
Jun 28We Think Shandong Linglong TyreLtd (SHSE:601966) Is Taking Some Risk With Its Debt
May 28Shandong Linglong TyreLtd (SHSE:601966) Could Be Struggling To Allocate Capital
May 13Shandong Linglong Tyre Co.,Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Apr 27At CN¥20.65, Is It Time To Put Shandong Linglong Tyre Co.,Ltd. (SHSE:601966) On Your Watch List?
Mar 27Shandong Linglong TyreLtd (SHSE:601966) Takes On Some Risk With Its Use Of Debt
Feb 27Financial Position Analysis
Short Term Liabilities: 601966's short term assets (CN¥15.5B) do not cover its short term liabilities (CN¥18.5B).
Long Term Liabilities: 601966's short term assets (CN¥15.5B) exceed its long term liabilities (CN¥5.6B).
Debt to Equity History and Analysis
Debt Level: 601966's net debt to equity ratio (42.9%) is considered high.
Reducing Debt: 601966's debt to equity ratio has reduced from 78.2% to 62.7% over the past 5 years.
Debt Coverage: 601966's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: 601966's interest payments on its debt are well covered by EBIT (18.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 22:05 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shandong Linglong Tyre Co.,Ltd. is covered by 14 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Siti Bte Salikin | CFRA Equity Research |
| Ce Zhou | Chasing Securities |
| Kaiming Fu | China International Capital Corporation Limited |