Tibet Summit ResourcesLtd Balance Sheet Health
Financial Health criteria checks 4/6
Tibet Summit ResourcesLtd has a total shareholder equity of CN¥3.8B and total debt of CN¥231.3M, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are CN¥5.9B and CN¥2.2B respectively. Tibet Summit ResourcesLtd's EBIT is CN¥90.4M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥13.5M.
Key information
6.1%
Debt to equity ratio
CN¥231.35m
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥13.47m |
| Equity | CN¥3.77b |
| Total liabilities | CN¥2.18b |
| Total assets | CN¥5.95b |
Recent financial health updates
Is Tibet Summit ResourcesLtd (SHSE:600338) Using Too Much Debt?
Jul 15
Tibet Summit ResourcesLtd (SHSE:600338) Has A Somewhat Strained Balance Sheet
Mar 26Recent updates
Tibet Summit Resources Co.,Ltd.'s (SHSE:600338) 26% Share Price Surge Not Quite Adding Up
Nov 15Tibet Summit Resources Co.,Ltd.'s (SHSE:600338) Share Price Could Signal Some Risk
Sep 30Is Tibet Summit ResourcesLtd (SHSE:600338) Using Too Much Debt?
Jul 15Tibet Summit Resources Co.,Ltd.'s (SHSE:600338) Business Is Yet to Catch Up With Its Share Price
Jun 06Tibet Summit ResourcesLtd (SHSE:600338) Has A Somewhat Strained Balance Sheet
Mar 26Tibet Summit Resources Co.,Ltd.'s (SHSE:600338) Business Is Trailing The Industry But Its Shares Aren't
Feb 29Financial Position Analysis
Short Term Liabilities: 600338's short term assets (CN¥831.8M) do not cover its short term liabilities (CN¥2.2B).
Long Term Liabilities: 600338's short term assets (CN¥831.8M) exceed its long term liabilities (CN¥20.1M).
Debt to Equity History and Analysis
Debt Level: 600338's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: 600338's debt to equity ratio has reduced from 45.1% to 6.1% over the past 5 years.
Debt Coverage: 600338's debt is well covered by operating cash flow (68.7%).
Interest Coverage: 600338's interest payments on its debt are not well covered by EBIT (0.6x coverage).