China Northern Rare Earth (Group) High-TechLtd Balance Sheet Health
Financial Health criteria checks 6/6
China Northern Rare Earth (Group) High-TechLtd has a total shareholder equity of CN¥27.4B and total debt of CN¥8.2B, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are CN¥41.9B and CN¥14.6B respectively. China Northern Rare Earth (Group) High-TechLtd's EBIT is CN¥2.3B making its interest coverage ratio 12.6. It has cash and short-term investments of CN¥6.6B.
Key information
30.1%
Debt to equity ratio
CN¥8.24b
Debt
| Interest coverage ratio | 12.6x |
| Cash | CN¥6.58b |
| Equity | CN¥27.36b |
| Total liabilities | CN¥14.55b |
| Total assets | CN¥41.91b |
Recent financial health updates
China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Has A Pretty Healthy Balance Sheet
Oct 08
Here's Why China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Can Manage Its Debt Responsibly
Jun 08Recent updates
China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Has Some Way To Go To Become A Multi-Bagger
Dec 10China Northern Rare Earth (Group) High-Tech Co.,Ltd's (SHSE:600111) 29% Jump Shows Its Popularity With Investors
Nov 06China Northern Rare Earth (Group) High-TechLtd's (SHSE:600111) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Nov 05China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Has A Pretty Healthy Balance Sheet
Oct 08China Northern Rare Earth (Group) High-Tech Co.,Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Sep 02China Northern Rare Earth (Group) High-Tech Co.,Ltd's (SHSE:600111) Popularity With Investors Is Clear
Aug 19Slowing Rates Of Return At China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Leave Little Room For Excitement
Jul 29Here's Why China Northern Rare Earth (Group) High-TechLtd (SHSE:600111) Can Manage Its Debt Responsibly
Jun 08China Northern Rare Earth (Group) High-Tech Co.,Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
May 01Returns On Capital Are Showing Encouraging Signs At China Northern Rare Earth (Group) High-TechLtd (SHSE:600111)
Apr 08Financial Position Analysis
Short Term Liabilities: 600111's short term assets (CN¥29.1B) exceed its short term liabilities (CN¥9.3B).
Long Term Liabilities: 600111's short term assets (CN¥29.1B) exceed its long term liabilities (CN¥5.3B).
Debt to Equity History and Analysis
Debt Level: 600111's net debt to equity ratio (6.1%) is considered satisfactory.
Reducing Debt: 600111's debt to equity ratio has reduced from 60% to 30.1% over the past 5 years.
Debt Coverage: 600111's debt is well covered by operating cash flow (21.8%).
Interest Coverage: 600111's interest payments on its debt are well covered by EBIT (12.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 01:47 |
| End of Day Share Price | 2024/12/20 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
China Northern Rare Earth (Group) High-Tech Co.,Ltd is covered by 24 analysts. 5 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 |
|---|---|
| Yukun LE | BOCI Research Ltd. |
| Weijiang He | Central China Securities Co., Ltd. |
| Zheng Wang | China International Capital Corporation Limited |