Tongling Jingda Special Magnet Wire Balance Sheet Health
Financial Health criteria checks 4/6
Tongling Jingda Special Magnet Wire has a total shareholder equity of CN¥5.5B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are CN¥11.6B and CN¥6.1B respectively. Tongling Jingda Special Magnet Wire's EBIT is CN¥642.7M making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥1.7B.
Key information
68.7%
Debt to equity ratio
CN¥3.78b
Debt
Interest coverage ratio | 5.4x |
Cash | CN¥1.75b |
Equity | CN¥5.50b |
Total liabilities | CN¥6.09b |
Total assets | CN¥11.59b |
Recent financial health updates
Recent updates
Tongling 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¥8.8B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 600577's short term assets (CN¥8.8B) exceed its long term liabilities (CN¥701.9M).
Debt to Equity History and Analysis
Debt Level: 600577's net debt to equity ratio (37%) is considered satisfactory.
Reducing Debt: 600577's debt to equity ratio has increased from 19.4% to 68.7% over the past 5 years.
Debt Coverage: 600577's debt is not well covered by operating cash flow (3.5%).
Interest Coverage: 600577's interest payments on its debt are well covered by EBIT (5.4x coverage).