Tibet Summit ResourcesLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tibet Summit ResourcesLtd has a total shareholder equity of CN¥3.3B and total debt of CN¥281.3M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CN¥5.7B and CN¥2.4B respectively.
Key information
8.5%
Debt to equity ratio
CN¥281.35m
Debt
Interest coverage ratio | n/a |
Cash | CN¥6.13m |
Equity | CN¥3.29b |
Total liabilities | CN¥2.36b |
Total assets | CN¥5.65b |
Recent financial health updates
Is Tibet Summit ResourcesLtd (SHSE:600338) Using Too Much Debt?
Jul 15Tibet Summit ResourcesLtd (SHSE:600338) Has A Somewhat Strained Balance Sheet
Mar 26Recent updates
Is 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¥714.2M) do not cover its short term liabilities (CN¥2.3B).
Long Term Liabilities: 600338's short term assets (CN¥714.2M) exceed its long term liabilities (CN¥32.5M).
Debt to Equity History and Analysis
Debt Level: 600338's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: 600338's debt to equity ratio has reduced from 85.7% to 8.5% over the past 5 years.
Debt Coverage: 600338's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: Insufficient data to determine if 600338's interest payments on its debt are well covered by EBIT.