Tibet Summit Resources Co.,Ltd.

SHSE:600338 Stock Report

Market Cap: CN¥10.6b

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 ratio0.6x
CashCN¥13.47m
EquityCN¥3.77b
Total liabilitiesCN¥2.18b
Total assetsCN¥5.95b

Recent financial health updates

Recent updates

Tibet Summit Resources Co.,Ltd.'s (SHSE:600338) Share Price Could Signal Some Risk

Sep 30
Tibet Summit Resources Co.,Ltd.'s (SHSE:600338) Share Price Could Signal Some Risk

Is Tibet Summit ResourcesLtd (SHSE:600338) Using Too Much Debt?

Jul 15
Is Tibet Summit ResourcesLtd (SHSE:600338) Using Too Much Debt?

Tibet Summit Resources Co.,Ltd.'s (SHSE:600338) Business Is Yet to Catch Up With Its Share Price

Jun 06
Tibet Summit Resources Co.,Ltd.'s (SHSE:600338) Business Is Yet to Catch Up With Its Share Price

Tibet Summit ResourcesLtd (SHSE:600338) Has A Somewhat Strained Balance Sheet

Mar 26
Tibet Summit ResourcesLtd (SHSE:600338) Has A Somewhat Strained Balance Sheet

Tibet Summit Resources Co.,Ltd.'s (SHSE:600338) Business Is Trailing The Industry But Its Shares Aren't

Feb 29
Tibet Summit Resources Co.,Ltd.'s (SHSE:600338) Business Is Trailing The Industry But Its Shares Aren't

Financial 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).


Balance Sheet


Discover healthy companies