Zhejiang Huayou Cobalt Balance Sheet Health

Financial Health criteria checks 2/6

Zhejiang Huayou Cobalt has a total shareholder equity of CN¥47.5B and total debt of CN¥61.9B, which brings its debt-to-equity ratio to 130.3%. Its total assets and total liabilities are CN¥132.2B and CN¥84.7B respectively. Zhejiang Huayou Cobalt's EBIT is CN¥5.8B making its interest coverage ratio 4.6. It has cash and short-term investments of CN¥18.0B.

Key information

130.3%

Debt to equity ratio

CN¥61.91b

Debt

Interest coverage ratio	4.6x
Cash	CN¥18.02b
Equity	CN¥47.50b
Total liabilities	CN¥84.74b
Total assets	CN¥132.24b

Recent financial health updates

Recent updates

Is Zhejiang Huayou Cobalt (SHSE:603799) Using Too Much Debt?

Nov 19

Is Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) Trading At A 49% Discount?

Nov 05

Analysts Are Updating Their Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) Estimates After Its Third-Quarter Results

Oct 22

Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) Screens Well But There Might Be A Catch

Sep 30

Zhejiang Huayou Cobalt Co., Ltd Just Recorded A 64% EPS Beat: Here's What Analysts Are Forecasting Next

Aug 22

Zhejiang Huayou Cobalt (SHSE:603799) Will Want To Turn Around Its Return Trends

Jul 16

Is Zhejiang Huayou Cobalt (SHSE:603799) Using Too Much Debt?

Jun 28

The Consensus EPS Estimates For Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) Just Fell Dramatically

Apr 29

Zhejiang Huayou Cobalt's (SHSE:603799) Anemic Earnings Might Be Worse Than You Think

Apr 26

Zhejiang Huayou Cobalt Co., Ltd's (SHSE:603799) Prospects Need A Boost To Lift Shares

Apr 01

Zhejiang Huayou Cobalt (SHSE:603799) Use Of Debt Could Be Considered Risky

Mar 14

Financial Position Analysis

Short Term Liabilities: 603799's short term assets (CN¥49.9B) do not cover its short term liabilities (CN¥52.7B).

Long Term Liabilities: 603799's short term assets (CN¥49.9B) exceed its long term liabilities (CN¥32.0B).

Debt to Equity History and Analysis

Debt Level: 603799's net debt to equity ratio (92.4%) is considered high.

Reducing Debt: 603799's debt to equity ratio has increased from 79.3% to 130.3% over the past 5 years.

Debt Coverage: 603799's debt is not well covered by operating cash flow (7.8%).

Interest Coverage: 603799's interest payments on its debt are well covered by EBIT (4.6x coverage).

Zhejiang Huayou Cobalt Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Is Zhejiang Huayou Cobalt (SHSE:603799) Using Too Much Debt?

Is Zhejiang Huayou Cobalt (SHSE:603799) Using Too Much Debt?

Zhejiang Huayou Cobalt (SHSE:603799) Use Of Debt Could Be Considered Risky

Recent updates

Is Zhejiang Huayou Cobalt (SHSE:603799) Using Too Much Debt?

Investor sentiment improves as stock rises 18%

Is Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) Trading At A 49% Discount?

Price target increased by 10% to CN¥31.32

Analysts Are Updating Their Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) Estimates After Its Third-Quarter Results

Third quarter 2024 earnings released: EPS: CN¥0.80 (vs CN¥0.56 in 3Q 2023)

Now 25% undervalued

New minor risk - Share price stability

Zhejiang Huayou Cobalt Co., Ltd to Report Q3, 2024 Results on Oct 19, 2024

Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) Screens Well But There Might Be A Catch

Investor sentiment improves as stock rises 22%

Consensus EPS estimates fall by 16%

Zhejiang Huayou Cobalt Co., Ltd Just Recorded A 64% EPS Beat: Here's What Analysts Are Forecasting Next

Price target decreased by 10% to CN¥27.81

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Yichang Xingfa Group Co., Ltd. and Hubei Xingshun Mining Co., Ltd. agreed to acquire an additional 51% stake in Hubei Youxing New Energy Technology Co., Ltd from Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) for approximately CNY 170 million.

Zhejiang Huayou Cobalt (SHSE:603799) Will Want To Turn Around Its Return Trends

Is Zhejiang Huayou Cobalt (SHSE:603799) Using Too Much Debt?

Zhejiang Huayou Cobalt Co., Ltd to Report First Half, 2024 Results on Aug 20, 2024

Consensus EPS estimates fall by 13%

The Consensus EPS Estimates For Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) Just Fell Dramatically

Price target decreased by 14% to CN¥31.27

Consensus revenue estimates fall by 12%

Zhejiang Huayou Cobalt's (SHSE:603799) Anemic Earnings Might Be Worse Than You Think

Zhejiang Huayou Cobalt Co., Ltd, Annual General Meeting, May 10, 2024

First quarter 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.64 in 1Q 2023)

Investor sentiment improves as stock rises 17%

Zhejiang Huayou Cobalt Co., Ltd's (SHSE:603799) Prospects Need A Boost To Lift Shares

Zhejiang Huayou Cobalt Co., Ltd to Report Q1, 2024 Results on Apr 20, 2024

Zhejiang Huayou Cobalt (SHSE:603799) Use Of Debt Could Be Considered Risky

Investor sentiment deteriorates as stock falls 15%

Price target decreased by 15% to CN¥46.21

Zhejiang Huayou Cobalt Co.,Ltd to Report Fiscal Year 2023 Results on Apr 20, 2024

Price target decreased by 15% to CN¥54.50

Consensus EPS estimates fall by 13%

Third quarter 2023 earnings released: EPS: CN¥0.56 (vs CN¥0.49 in 3Q 2022)

Now 20% undervalued after recent price drop

Zhejiang Huayou Cobalt Co.,Ltd (SHSE:603799) announces an Equity Buyback for CNY 1,000 million worth of its shares.

Zhejiang Huayou Cobalt Co.,Ltd (SHSE:603799) announces an Equity Buyback for CNY 1,000 million worth of its shares.

Now 21% undervalued after recent price drop

Consensus EPS estimates fall by 27%, revenue upgraded

Zhejiang Huayou Cobalt Co.,Ltd has completed a Follow-on Equity Offering in the amount of $582.5 million.

First quarter 2023 earnings released: EPS: CN¥0.64 (vs CN¥0.76 in 1Q 2022)

Investor sentiment deteriorates as stock falls 16%

Price target decreased by 9.1% to CN¥80.67

Price target decreased to CN¥91.96

Less than half of directors are independent

Price target decreased to CN¥91.96

Investor sentiment improved over the past week

Consensus forecasts updated

Third quarter 2022 earnings released: EPS: CN¥0.49 (vs CN¥0.58 in 3Q 2021)

Now 20% undervalued after recent price drop

Price target decreased to CN¥101

Consensus forecasts updated

Price target increased to CN¥110

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Less than half of directors are independent

Zhejiang Huayou Cobalt Co., Ltd announced that it expects to receive CNY 17.7 billion in funding from Zhejiang Huayou Holding Group Co., Ltd. and other investors

Investor sentiment improved over the past week

Consensus forecasts updated

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Price target decreased to CN¥145

Investor sentiment deteriorated over the past week

Price target increased to CN¥163

Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) agreed to acquire Prospect Lithium Zimbabwe and the rights of its creditors for approximately $420 million.

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

CATL, Huayou Reportedly Eye 10% Stakes in Miner Jinchuan Group

Second quarter 2021 earnings released: EPS CN¥0.67 (vs CN¥0.14 in 2Q 2020)

Chen Xuehua completed the acquisition of an additional 6.76% in Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) from Great Mountain Enterprise Pte. Ltd.