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 (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).