China Tungsten And Hightech MaterialsLtd Balance Sheet Health
Financial Health criteria checks 4/6
China Tungsten And Hightech MaterialsLtd has a total shareholder equity of CN¥6.6B and total debt of CN¥3.3B, which brings its debt-to-equity ratio to 50.3%. Its total assets and total liabilities are CN¥13.2B and CN¥6.6B respectively. China Tungsten And Hightech MaterialsLtd's EBIT is CN¥620.7M making its interest coverage ratio 7.2. It has cash and short-term investments of CN¥505.2M.
Key information
50.3%
Debt to equity ratio
CN¥3.31b
Debt
| Interest coverage ratio | 7.2x |
| Cash | CN¥505.25m |
| Equity | CN¥6.59b |
| Total liabilities | CN¥6.63b |
| Total assets | CN¥13.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000657's short term assets (CN¥8.4B) exceed its short term liabilities (CN¥4.8B).
Long Term Liabilities: 000657's short term assets (CN¥8.4B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 000657's net debt to equity ratio (42.6%) is considered high.
Reducing Debt: 000657's debt to equity ratio has reduced from 58.1% to 50.3% over the past 5 years.
Debt Coverage: 000657's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000657's interest payments on its debt are well covered by EBIT (7.2x coverage).