Shengda ResourcesLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shengda ResourcesLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 39.6%. Its total assets and total liabilities are CN¥6.5B and CN¥3.0B respectively. Shengda ResourcesLtd's EBIT is CN¥573.0M making its interest coverage ratio -9.2. It has cash and short-term investments of CN¥997.2M.
Key information
39.6%
Debt to equity ratio
CN¥1.41b
Debt
| Interest coverage ratio | -9.2x |
| Cash | CN¥997.23m |
| Equity | CN¥3.56b |
| Total liabilities | CN¥2.99b |
| Total assets | CN¥6.55b |
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 17Recent updates
Market Participants Recognise Shengda Resources Co.,Ltd.'s (SZSE:000603) Earnings
Mar 26News Flash: Analysts Just Made A Captivating Upgrade To Their Shengda Resources Co.,Ltd. (SZSE:000603) Forecasts
Nov 06Here's Why Shengda ResourcesLtd (SZSE:000603) Can Manage Its Debt Responsibly
Oct 18Market Participants Recognise Shengda Resources Co.,Ltd.'s (SZSE:000603) Earnings Pushing Shares 29% Higher
Sep 30Shengda Resources Co.,Ltd.'s (SZSE:000603) Earnings Haven't Escaped The Attention Of Investors
Aug 08Is Shengda ResourcesLtd (SZSE:000603) Using Too Much Debt?
Jun 17After Leaping 60% Shengda Resources Co.,Ltd. (SZSE:000603) Shares Are Not Flying Under The Radar
Apr 13Shengda Resources Co.,Ltd. (SZSE:000603) Screens Well But There Might Be A Catch
Feb 28Financial Position Analysis
Short Term Liabilities: 000603's short term assets (CN¥1.6B) do not cover its short term liabilities (CN¥2.0B).
Long Term Liabilities: 000603's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥981.1M).
Debt to Equity History and Analysis
Debt Level: 000603's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: 000603's debt to equity ratio has increased from 33.3% to 39.6% over the past 5 years.
Debt Coverage: 000603's debt is well covered by operating cash flow (41%).
Interest Coverage: 000603 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/04 23:43 |
| End of Day Share Price | 2025/04/30 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Shengda Resources Co.,Ltd. is covered by 10 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hua Li | China Galaxy Securities Co., Ltd. |
| Wenping Liu | China Merchants Securities Co. Ltd. |
| Chong Ao | Citic Securities Co., Ltd. |