Xiamen TungstenLtd Balance Sheet Health
Financial Health criteria checks 5/6
Xiamen TungstenLtd has a total shareholder equity of CN¥19.8B and total debt of CN¥13.0B, which brings its debt-to-equity ratio to 65.7%. Its total assets and total liabilities are CN¥40.6B and CN¥20.8B respectively. Xiamen TungstenLtd's EBIT is CN¥2.8B making its interest coverage ratio 12.8. It has cash and short-term investments of CN¥4.8B.
Key information
65.7%
Debt to equity ratio
CN¥12.98b
Debt
| Interest coverage ratio | 12.8x |
| Cash | CN¥4.81b |
| Equity | CN¥19.75b |
| Total liabilities | CN¥20.84b |
| Total assets | CN¥40.59b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600549's short term assets (CN¥20.8B) exceed its short term liabilities (CN¥12.5B).
Long Term Liabilities: 600549's short term assets (CN¥20.8B) exceed its long term liabilities (CN¥8.4B).
Debt to Equity History and Analysis
Debt Level: 600549's net debt to equity ratio (41.4%) is considered high.
Reducing Debt: 600549's debt to equity ratio has reduced from 99.1% to 65.7% over the past 5 years.
Debt Coverage: 600549's debt is well covered by operating cash flow (37.4%).
Interest Coverage: 600549's interest payments on its debt are well covered by EBIT (12.8x coverage).