Tongyi Carbon Neutral Technology (Xinjiang) Balance Sheet Health
Financial Health criteria checks 2/6
Tongyi Carbon Neutral Technology (Xinjiang) has a total shareholder equity of CN¥428.2M and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 242.8%. Its total assets and total liabilities are CN¥2.1B and CN¥1.7B respectively. Tongyi Carbon Neutral Technology (Xinjiang)'s EBIT is CN¥79.9M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥141.2M.
Key information
242.8%
Debt to equity ratio
CN¥1.04b
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥141.16m |
| Equity | CN¥428.17m |
| Total liabilities | CN¥1.67b |
| Total assets | CN¥2.09b |
Recent financial health updates
No updates
Recent updates
There's Been No Shortage Of Growth Recently For Tongyi Carbon Neutral Technology (Xinjiang)'s (SHSE:600506) Returns On Capital
Dec 12
Tongyi Carbon Neutral Technology (Xinjiang) Co., Ltd (SHSE:600506) Stock Rockets 35% But Many Are Still Ignoring The Company
Nov 22Tongyi Carbon Neutral Technology (Xinjiang) (SHSE:600506) Might Have The Makings Of A Multi-Bagger
Jul 18Tongyi Carbon Neutral Technology (Xinjiang) Co., Ltd (SHSE:600506) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Apr 19Investors Aren't Entirely Convinced By Tongyi Carbon Neutral Technology (Xinjiang) Co., Ltd's (SHSE:600506) Revenues
Feb 27Financial Position Analysis
Short Term Liabilities: 600506's short term assets (CN¥768.3M) do not cover its short term liabilities (CN¥1.1B).
Long Term Liabilities: 600506's short term assets (CN¥768.3M) exceed its long term liabilities (CN¥527.4M).
Debt to Equity History and Analysis
Debt Level: 600506's net debt to equity ratio (209.8%) is considered high.
Reducing Debt: 600506's debt to equity ratio has increased from 0% to 242.8% over the past 5 years.
Debt Coverage: 600506's debt is well covered by operating cash flow (39%).
Interest Coverage: 600506's interest payments on its debt are not well covered by EBIT (1.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 00:26 |
| 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tongyi Carbon Neutral Technology (Xinjiang) Co., Ltd is covered by 0 analysts. 0 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 |
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