Shan Xi Hua Yang Group New EnergyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shan Xi Hua Yang Group New EnergyLtd has a total shareholder equity of CN¥35.0B and total debt of CN¥23.8B, which brings its debt-to-equity ratio to 68.1%. Its total assets and total liabilities are CN¥76.9B and CN¥41.8B respectively. Shan Xi Hua Yang Group New EnergyLtd's EBIT is CN¥4.5B making its interest coverage ratio 11. It has cash and short-term investments of CN¥10.6B.
Key information
68.1%
Debt to equity ratio
CN¥23.84b
Debt
| Interest coverage ratio | 11x |
| Cash | CN¥10.62b |
| Equity | CN¥35.03b |
| Total liabilities | CN¥41.83b |
| Total assets | CN¥76.86b |
Recent financial health updates
Shan Xi Hua Yang Group New EnergyLtd (SHSE:600348) Takes On Some Risk With Its Use Of Debt
Nov 22
These 4 Measures Indicate That Shan Xi Hua Yang Group New EnergyLtd (SHSE:600348) Is Using Debt Extensively
Jul 29Recent updates
Some Investors May Be Worried About Shan Xi Hua Yang Group New EnergyLtd's (SHSE:600348) Returns On Capital
Dec 26Shan Xi Hua Yang Group New EnergyLtd (SHSE:600348) Takes On Some Risk With Its Use Of Debt
Nov 22Shan Xi Hua Yang Group New EnergyLtd's (SHSE:600348) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Nov 06Shan Xi Hua Yang Group New Energy Co.,Ltd. (SHSE:600348) Looks Inexpensive But Perhaps Not Attractive Enough
Oct 29Returns On Capital At Shan Xi Hua Yang Group New EnergyLtd (SHSE:600348) Have Stalled
Sep 23Shan Xi Hua Yang Group New Energy Co.,Ltd.'s (SHSE:600348) Intrinsic Value Is Potentially 48% Above Its Share Price
Aug 30Earnings Working Against Shan Xi Hua Yang Group New Energy Co.,Ltd.'s (SHSE:600348) Share Price Following 32% Dive
Jul 30These 4 Measures Indicate That Shan Xi Hua Yang Group New EnergyLtd (SHSE:600348) Is Using Debt Extensively
Jul 29Shan Xi Hua Yang Group New EnergyLtd (SHSE:600348) Hasn't Managed To Accelerate Its Returns
Jun 12Earnings Troubles May Signal Larger Issues for Shan Xi Hua Yang Group New EnergyLtd (SHSE:600348) Shareholders
May 06News Flash: 3 Analysts Think Shan Xi Hua Yang Group New Energy Co.,Ltd. (SHSE:600348) Earnings Are Under Threat
Apr 27Shan Xi Hua Yang Group New Energy Co.,Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 21Insufficient Growth At Shan Xi Hua Yang Group New Energy Co.,Ltd. (SHSE:600348) Hampers Share Price
Apr 16We Like Shan Xi Huayang Group New EnergyLtd's (SHSE:600348) Returns And Here's How They're Trending
Feb 29Financial Position Analysis
Short Term Liabilities: 600348's short term assets (CN¥14.5B) do not cover its short term liabilities (CN¥20.7B).
Long Term Liabilities: 600348's short term assets (CN¥14.5B) do not cover its long term liabilities (CN¥21.1B).
Debt to Equity History and Analysis
Debt Level: 600348's net debt to equity ratio (37.7%) is considered satisfactory.
Reducing Debt: 600348's debt to equity ratio has increased from 35% to 68.1% over the past 5 years.
Debt Coverage: 600348's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: 600348's interest payments on its debt are well covered by EBIT (11x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 00:28 |
| End of Day Share Price | 2025/01/08 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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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
Shan Xi Hua Yang Group New Energy Co.,Ltd. is covered by 22 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.
| Analyst | Institution |
|---|---|
| Cho Ming Lau | BOCI Research Ltd. |
| ZhiLei Wang | Central China Securities Co., Ltd. |
| He Tao Wang | Changjiang Securities Co. LTD. |