Tongling Jingda Special Magnet Wire Balance Sheet Health
Financial Health criteria checks 3/6
Tongling Jingda Special Magnet Wire has a total shareholder equity of CN¥5.6B and total debt of CN¥4.6B, which brings its debt-to-equity ratio to 82.4%. Its total assets and total liabilities are CN¥12.8B and CN¥7.3B respectively. Tongling Jingda Special Magnet Wire's EBIT is CN¥778.5M making its interest coverage ratio 6.5. It has cash and short-term investments of CN¥1.8B.
Key information
82.4%
Debt to equity ratio
CN¥4.57b
Debt
| Interest coverage ratio | 6.5x |
| Cash | CN¥1.77b |
| Equity | CN¥5.55b |
| Total liabilities | CN¥7.29b |
| Total assets | CN¥12.84b |
Recent financial health updates
Tongling Jingda Special Magnet Wire (SHSE:600577) Seems To Use Debt Quite Sensibly
Nov 18
Here's Why Tongling Jingda Special Magnet Wire (SHSE:600577) Can Manage Its Debt Responsibly
Aug 16These 4 Measures Indicate That Tongling Jingda Special Magnet Wire (SHSE:600577) Is Using Debt Reasonably Well
Apr 07Recent updates
Tongling Jingda Special Magnet Wire Co., Ltd. (SHSE:600577) Shares Fly 27% But Investors Aren't Buying For Growth
Dec 02Tongling Jingda Special Magnet Wire (SHSE:600577) Seems To Use Debt Quite Sensibly
Nov 18Here's What's Concerning About Tongling Jingda Special Magnet Wire's (SHSE:600577) Returns On Capital
Oct 27Tongling Jingda Special Magnet Wire Co., Ltd.'s (SHSE:600577) Share Price Boosted 39% But Its Business Prospects Need A Lift Too
Oct 08Tongling Jingda Special Magnet Wire Co., Ltd.'s (SHSE:600577) Price Is Right But Growth Is Lacking After Shares Rocket 32%
Aug 16Here's Why Tongling Jingda Special Magnet Wire (SHSE:600577) Can Manage Its Debt Responsibly
Aug 16Tongling Jingda Special Magnet Wire (SHSE:600577) Is Reinvesting At Lower Rates Of Return
Jul 25Analysts Have Just Cut Their Tongling Jingda Special Magnet Wire Co., Ltd. (SHSE:600577) Revenue Estimates By 12%
May 01These 4 Measures Indicate That Tongling Jingda Special Magnet Wire (SHSE:600577) Is Using Debt Reasonably Well
Apr 07Tongling Jingda Special Magnet Wire Co., Ltd.'s (SHSE:600577) Low P/E No Reason For Excitement
Mar 14Financial Position Analysis
Short Term Liabilities: 600577's short term assets (CN¥10.0B) exceed its short term liabilities (CN¥6.5B).
Long Term Liabilities: 600577's short term assets (CN¥10.0B) exceed its long term liabilities (CN¥814.0M).
Debt to Equity History and Analysis
Debt Level: 600577's net debt to equity ratio (50.5%) is considered high.
Reducing Debt: 600577's debt to equity ratio has increased from 17.9% to 82.4% over the past 5 years.
Debt Coverage: 600577's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600577's interest payments on its debt are well covered by EBIT (6.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 05:39 |
| End of Day Share Price | 2024/12/20 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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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
Tongling Jingda Special Magnet Wire Co., Ltd. is covered by 10 analysts. 2 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 |
|---|---|
| Yanhui Chu | AJ Securities Co., Ltd |
| Joey Yang | BofA Global Research |
| Jia Xun You | China Merchants Securities Co. Ltd. |