China Tungsten And Hightech MaterialsLtd Balance Sheet Health
Financial Health criteria checks 3/6
China Tungsten And Hightech MaterialsLtd has a total shareholder equity of CN¥6.6B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 57.2%. Its total assets and total liabilities are CN¥14.3B and CN¥7.7B respectively. China Tungsten And Hightech MaterialsLtd's EBIT is CN¥479.3M making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥646.5M.
Key information
57.2%
Debt to equity ratio
CN¥3.76b
Debt
| Interest coverage ratio | 5.4x |
| Cash | CN¥646.54m |
| Equity | CN¥6.57b |
| Total liabilities | CN¥7.73b |
| Total assets | CN¥14.31b |
Recent financial health updates
China Tungsten And Hightech MaterialsLtd (SZSE:000657) Has A Somewhat Strained Balance Sheet
Oct 08
Does China Tungsten And Hightech MaterialsLtd (SZSE:000657) Have A Healthy Balance Sheet?
May 22Recent updates
China Tungsten And Hightech MaterialsLtd (SZSE:000657) Hasn't Managed To Accelerate Its Returns
Oct 27China Tungsten And Hightech MaterialsLtd (SZSE:000657) Has A Somewhat Strained Balance Sheet
Oct 08A Piece Of The Puzzle Missing From China Tungsten And Hightech Materials Co.,Ltd's (SZSE:000657) 36% Share Price Climb
Oct 08Earnings Troubles May Signal Larger Issues for China Tungsten And Hightech MaterialsLtd (SZSE:000657) Shareholders
Sep 02Risks To Shareholder Returns Are Elevated At These Prices For China Tungsten And Hightech Materials Co.,Ltd (SZSE:000657)
Aug 08Does China Tungsten And Hightech MaterialsLtd (SZSE:000657) Have A Healthy Balance Sheet?
May 22Optimistic Investors Push China Tungsten And Hightech Materials Co.,Ltd (SZSE:000657) Shares Up 28% But Growth Is Lacking
Mar 15Financial Position Analysis
Short Term Liabilities: 000657's short term assets (CN¥9.4B) exceed its short term liabilities (CN¥5.9B).
Long Term Liabilities: 000657's short term assets (CN¥9.4B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 000657's net debt to equity ratio (47.3%) is considered high.
Reducing Debt: 000657's debt to equity ratio has increased from 53.6% to 57.2% over the past 5 years.
Debt Coverage: 000657's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: 000657's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 23:36 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
China Tungsten And Hightech Materials Co.,Ltd is covered by 8 analysts. 4 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 |
|---|---|
| Fu Yang | Chasing Securities |
| Pei Lu | China Galaxy Securities Co., Ltd. |
| Weixiu Guo | China International Capital Corporation Limited |