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¥443.7M and total debt of CN¥937.3M, which brings its debt-to-equity ratio to 211.2%. Its total assets and total liabilities are CN¥2.0B and CN¥1.5B respectively. Tongyi Carbon Neutral Technology (Xinjiang)'s EBIT is CN¥93.5M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥203.4M.
Key information
211.2%
Debt to equity ratio
CN¥937.34m
Debt
| Interest coverage ratio | 1.6x |
| Cash | CN¥203.38m |
| Equity | CN¥443.73m |
| Total liabilities | CN¥1.51b |
| Total assets | CN¥1.95b |
Recent financial health updates
Recent updates
Tongyi Carbon Neutral Technology (Xinjiang) Co., Ltd (SHSE:600506) Soars 27% But It's A Story Of Risk Vs Reward
Mar 11
Shareholders Will Be Pleased With The Quality of Tongyi Carbon Neutral Technology (Xinjiang)'s (SHSE:600506) Earnings
Mar 06Here's Why Tongyi Carbon Neutral Technology (Xinjiang) (SHSE:600506) Can Manage Its Debt Responsibly
Feb 27There's Been No Shortage Of Growth Recently For Tongyi Carbon Neutral Technology (Xinjiang)'s (SHSE:600506) Returns On Capital
Dec 12Tongyi 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¥660.3M) do not cover its short term liabilities (CN¥1.1B).
Long Term Liabilities: 600506's short term assets (CN¥660.3M) exceed its long term liabilities (CN¥448.9M).
Debt to Equity History and Analysis
Debt Level: 600506's net debt to equity ratio (165.4%) is considered high.
Reducing Debt: 600506's debt to equity ratio has increased from 0% to 211.2% over the past 5 years.
Debt Coverage: 600506's debt is well covered by operating cash flow (45.7%).
Interest Coverage: 600506's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/22 14:00 |
| End of Day Share Price | 2025/03/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
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.