Tongling Jingda Special Magnet Wire Co., Ltd.

XSSC:600577 Stock Report

Market Cap: CN¥11.9b

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 ratio6.5x
CashCN¥1.77b
EquityCN¥5.55b
Total liabilitiesCN¥7.29b
Total assetsCN¥12.84b

Recent financial health updates

No updates

Recent updates

Financial 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).


Balance Sheet


Discover healthy companies