Wolong Electric Group Co.,Ltd.

SHSE:600580 Stock Report

Market Cap: CN¥22.3b

Wolong Electric GroupLtd Balance Sheet Health

Financial Health criteria checks 6/6

Wolong Electric GroupLtd has a total shareholder equity of CN¥11.3B and total debt of CN¥6.9B, which brings its debt-to-equity ratio to 61.6%. Its total assets and total liabilities are CN¥26.0B and CN¥14.8B respectively. Wolong Electric GroupLtd's EBIT is CN¥939.6M making its interest coverage ratio 4.2. It has cash and short-term investments of CN¥2.9B.

Key information

61.6%

Debt to equity ratio

CN¥6.93b

Debt

Interest coverage ratio4.2x
CashCN¥2.87b
EquityCN¥11.25b
Total liabilitiesCN¥14.78b
Total assetsCN¥26.03b

Recent financial health updates

We Think Wolong Electric GroupLtd (SHSE:600580) Is Taking Some Risk With Its Debt

Sep 25
We Think Wolong Electric GroupLtd (SHSE:600580) Is Taking Some Risk With Its Debt

Wolong Electric GroupLtd (SHSE:600580) Has A Somewhat Strained Balance Sheet

May 23
Wolong Electric GroupLtd (SHSE:600580) Has A Somewhat Strained Balance Sheet

Recent updates

Wolong Electric Group Co.,Ltd. (SHSE:600580) Stock Catapults 29% Though Its Price And Business Still Lag The Industry

Dec 26
Wolong Electric Group Co.,Ltd. (SHSE:600580) Stock Catapults 29% Though Its Price And Business Still Lag The Industry

Wolong Electric Group Co.,Ltd. (SHSE:600580) Held Back By Insufficient Growth Even After Shares Climb 27%

Nov 08
Wolong Electric Group Co.,Ltd. (SHSE:600580) Held Back By Insufficient Growth Even After Shares Climb 27%

Wolong Electric GroupLtd's (SHSE:600580) Soft Earnings Are Actually Better Than They Appear

Nov 06
Wolong Electric GroupLtd's (SHSE:600580) Soft Earnings Are Actually Better Than They Appear

Is There Now An Opportunity In Wolong Electric Group Co.,Ltd. (SHSE:600580)?

Oct 26
Is There Now An Opportunity In Wolong Electric Group Co.,Ltd. (SHSE:600580)?

Wolong Electric GroupLtd (SHSE:600580) Is Reinvesting At Lower Rates Of Return

Oct 10
Wolong Electric GroupLtd (SHSE:600580) Is Reinvesting At Lower Rates Of Return

We Think Wolong Electric GroupLtd (SHSE:600580) Is Taking Some Risk With Its Debt

Sep 25
We Think Wolong Electric GroupLtd (SHSE:600580) Is Taking Some Risk With Its Debt

Earnings Tell The Story For Wolong Electric Group Co.,Ltd. (SHSE:600580)

Jul 29
Earnings Tell The Story For Wolong Electric Group Co.,Ltd. (SHSE:600580)

Wolong Electric GroupLtd (SHSE:600580) Has Announced That Its Dividend Will Be Reduced To CN¥0.10

Jul 12
Wolong Electric GroupLtd (SHSE:600580) Has Announced That Its Dividend Will Be Reduced To CN¥0.10

Wolong Electric GroupLtd (SHSE:600580) Has A Somewhat Strained Balance Sheet

May 23
Wolong Electric GroupLtd (SHSE:600580) Has A Somewhat Strained Balance Sheet

Investors Can Find Comfort In Wolong Electric GroupLtd's (SHSE:600580) Earnings Quality

May 06
Investors Can Find Comfort In Wolong Electric GroupLtd's (SHSE:600580) Earnings Quality

Wolong Electric GroupLtd (SHSE:600580) Has More To Do To Multiply In Value Going Forward

Apr 06
Wolong Electric GroupLtd (SHSE:600580) Has More To Do To Multiply In Value Going Forward

Even With A 25% Surge, Cautious Investors Are Not Rewarding Wolong Electric Group Co.,Ltd.'s (SHSE:600580) Performance Completely

Mar 15
Even With A 25% Surge, Cautious Investors Are Not Rewarding Wolong Electric Group Co.,Ltd.'s (SHSE:600580) Performance Completely

Financial Position Analysis

Short Term Liabilities: 600580's short term assets (CN¥14.1B) exceed its short term liabilities (CN¥11.6B).

Long Term Liabilities: 600580's short term assets (CN¥14.1B) exceed its long term liabilities (CN¥3.2B).

Debt to Equity History and Analysis

Debt Level: 600580's net debt to equity ratio (36%) is considered satisfactory.

Reducing Debt: 600580's debt to equity ratio has reduced from 95.3% to 61.6% over the past 5 years.

Debt Coverage: 600580's debt is well covered by operating cash flow (22.5%).

Interest Coverage: 600580's interest payments on its debt are well covered by EBIT (4.2x coverage).

Balance Sheet

Discover healthy companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 22:46
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Wolong Electric Group Co.,Ltd. is covered by 17 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Cheng ShenBOCI Research Ltd.
Haolong DengChangjiang Securities Co. LTD.
Bo Hua WuChangjiang Securities Co. LTD.