Shengda ResourcesLtd Balance Sheet Health

Financial Health criteria checks 6/6

Shengda ResourcesLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are CN¥6.9B and CN¥2.9B respectively. Shengda ResourcesLtd's EBIT is CN¥387.4M making its interest coverage ratio 16.1. It has cash and short-term investments of CN¥1.2B.

Key information

26.6%

Debt to equity ratio

CN¥1.07b

Debt

Interest coverage ratio	16.1x
Cash	CN¥1.18b
Equity	CN¥4.04b
Total liabilities	CN¥2.86b
Total assets	CN¥6.90b

Recent financial health updates

Here's Why Shengda ResourcesLtd (SZSE:000603) Can Manage Its Debt Responsibly

Oct 18

Is Shengda ResourcesLtd (SZSE:000603) Using Too Much Debt?

Jun 17

Recent updates

News Flash: Analysts Just Made A Captivating Upgrade To Their Shengda Resources Co.,Ltd. (SZSE:000603) Forecasts

Nov 06

Here's Why Shengda ResourcesLtd (SZSE:000603) Can Manage Its Debt Responsibly

Oct 18

Market Participants Recognise Shengda Resources Co.,Ltd.'s (SZSE:000603) Earnings Pushing Shares 29% Higher

Sep 30

Shengda Resources Co.,Ltd.'s (SZSE:000603) Earnings Haven't Escaped The Attention Of Investors

Aug 08

Is Shengda ResourcesLtd (SZSE:000603) Using Too Much Debt?

Jun 17

After Leaping 60% Shengda Resources Co.,Ltd. (SZSE:000603) Shares Are Not Flying Under The Radar

Apr 13

Shengda Resources Co.,Ltd. (SZSE:000603) Screens Well But There Might Be A Catch

Feb 28

Financial Position Analysis

Short Term Liabilities: 000603's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥2.1B).

Long Term Liabilities: 000603's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥778.1M).

Debt to Equity History and Analysis

Debt Level: 000603 has more cash than its total debt.

Reducing Debt: 000603's debt to equity ratio has reduced from 38.6% to 26.6% over the past 5 years.

Debt Coverage: 000603's debt is well covered by operating cash flow (66.2%).

Interest Coverage: 000603's interest payments on its debt are well covered by EBIT (16.1x coverage).

Shengda ResourcesLtd Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Here's Why Shengda ResourcesLtd (SZSE:000603) Can Manage Its Debt Responsibly

Is Shengda ResourcesLtd (SZSE:000603) Using Too Much Debt?

Recent updates

Shengda Resources Co.,Ltd. (SZSE:000603) agreed to acquire remaining 33% stake in Inner Mongolia Jinshan Mining Co., Ltd. from Gansu Shengda Group Co. Ltd for approximately CNY 610 million.

News Flash: Analysts Just Made A Captivating Upgrade To Their Shengda Resources Co.,Ltd. (SZSE:000603) Forecasts

Consensus revenue estimates increase by 15%

Third quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.11 in 3Q 2023)

Here's Why Shengda ResourcesLtd (SZSE:000603) Can Manage Its Debt Responsibly

Market Participants Recognise Shengda Resources Co.,Ltd.'s (SZSE:000603) Earnings Pushing Shares 29% Higher

Shengda Resources Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024

Investor sentiment improves as stock rises 21%

Second quarter 2024 earnings released: EPS: CN¥0.13 (vs CN¥0.065 in 2Q 2023)

Shengda Resources Co.,Ltd.'s (SZSE:000603) Earnings Haven't Escaped The Attention Of Investors

Investor sentiment deteriorates as stock falls 21%

High number of new and inexperienced directors

Shengda Resources Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024

Is Shengda ResourcesLtd (SZSE:000603) Using Too Much Debt?

Investor sentiment deteriorates as stock falls 18%

First quarter 2024 earnings released: CN¥0.013 loss per share (vs CN¥0.024 profit in 1Q 2023)

Shengda Resources Co.,Ltd., Annual General Meeting, May 21, 2024

Shengda Resources Co.,Ltd., Annual General Meeting, May 21, 2024

After Leaping 60% Shengda Resources Co.,Ltd. (SZSE:000603) Shares Are Not Flying Under The Radar

Shengda Resources Co.,Ltd. to Report Q1, 2024 Results on Apr 30, 2024

Investor sentiment improves as stock rises 15%

Shengda Resources Co.,Ltd. (SZSE:000603) Screens Well But There Might Be A Catch

Investor sentiment deteriorates as stock falls 16%

Shengda Resources Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024

Third quarter 2023 earnings released: EPS: CN¥0.11 (vs CN¥0.19 in 3Q 2022)

Investor sentiment deteriorates as stock falls 17%

Second quarter 2023 earnings released: EPS: CN¥0.065 (vs CN¥0.099 in 2Q 2022)

Investor sentiment improves as stock rises 16%

Investor sentiment deteriorates as stock falls 17%

Shengda Resources Co.,Ltd., Annual General Meeting, May 22, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 15%

High number of new directors

Third quarter 2022 earnings released: EPS: CN¥0.17 (vs CN¥0.18 in 3Q 2021)

Second quarter 2022 earnings released: EPS: CN¥0.099 (vs CN¥0.15 in 2Q 2021)

High number of new directors

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS CN¥0.18 (vs CN¥0.23 in 3Q 2020)

Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.091 in 2Q 2020)

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS CN¥0.42 (vs CN¥0.65 in FY 2019)

Shengda Resources Co.,Ltd. to Report Fiscal Year 2020 Results on Apr 23, 2021

Shengda Resources Plans to Buy 72.5% Stake in Mining Development Firm

Investor sentiment improved over the past week

New 90-day low: CN¥13.77

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

New 90-day high: CN¥16.82

Third quarter earnings released

New 90-day low: CN¥14.23

Zhai Xiaobin agreed to acquire 5% stake in Hexin Finance Information Services (Beijing) Co., Ltd. from Shengda Mining Co.Ltd. (SZSE:000603).

First half earnings released

New 90-day high - CN¥19.78

Shengda Resources Co.,Ltd. to Report First Half, 2020 Results on Aug 22, 2020

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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