Chongqing Wangbian Electric (Group) Balance Sheet Health
Financial Health criteria checks 4/6
Chongqing Wangbian Electric (Group) has a total shareholder equity of CN¥2.5B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 72.3%. Its total assets and total liabilities are CN¥6.4B and CN¥3.9B respectively. Chongqing Wangbian Electric (Group)'s EBIT is CN¥111.2M making its interest coverage ratio -34.8. It has cash and short-term investments of CN¥1.0B.
Key information
72.3%
Debt to equity ratio
CN¥1.84b
Debt
| Interest coverage ratio | -34.8x |
| Cash | CN¥1.03b |
| Equity | CN¥2.55b |
| Total liabilities | CN¥3.88b |
| Total assets | CN¥6.43b |
Recent financial health updates
No updates
Recent updates
Chongqing Wangbian Electric (Group)'s (SHSE:603191) Problems Go Beyond Weak Profit
Nov 06
Chongqing Wangbian Electric (Group) (SHSE:603191) Is Reinvesting At Lower Rates Of Return
Aug 20We Think That There Are More Issues For Chongqing Wangbian Electric (Group) (SHSE:603191) Than Just Sluggish Earnings
May 02Return Trends At Chongqing Wangbian Electric (Group) (SHSE:603191) Aren't Appealing
Mar 04Financial Position Analysis
Short Term Liabilities: 603191's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 603191's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 603191's net debt to equity ratio (31.8%) is considered satisfactory.
Reducing Debt: 603191's debt to equity ratio has increased from 26.8% to 72.3% over the past 5 years.
Debt Coverage: 603191's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603191 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 15:39 |
| 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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Industry and Sector Metrics
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Analyst Sources
Chongqing Wangbian Electric (Group) Corp., Ltd. is covered by 4 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 |
|---|---|
| Mingzhi Wang | Industrial Securities Co. Ltd. |
| Shuai Wang | Industrial Securities Co. Ltd. |
| Yongkang Deng | Minsheng Securities Co. |