Western Metal Materials Balance Sheet Health
Financial Health criteria checks 5/6
Western Metal Materials has a total shareholder equity of CN¥3.5B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 45.7%. Its total assets and total liabilities are CN¥6.8B and CN¥3.3B respectively. Western Metal Materials's EBIT is CN¥174.0M making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥544.4M.
Key information
45.7%
Debt to equity ratio
CN¥1.61b
Debt
| Interest coverage ratio | 8.5x |
| Cash | CN¥544.41m |
| Equity | CN¥3.51b |
| Total liabilities | CN¥3.32b |
| Total assets | CN¥6.84b |
Recent financial health updates
We Think Western Metal Materials (SZSE:002149) Can Stay On Top Of Its Debt
Aug 13
Does Western Metal Materials (SZSE:002149) Have A Healthy Balance Sheet?
Apr 24Recent updates
Western Metal Materials' (SZSE:002149) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Nov 06Western Metal Materials (SZSE:002149) Has More To Do To Multiply In Value Going Forward
Sep 30We Think Western Metal Materials (SZSE:002149) Can Stay On Top Of Its Debt
Aug 13Not Many Are Piling Into Western Metal Materials Co., Ltd. (SZSE:002149) Just Yet
Jul 23Western Metal Materials' (SZSE:002149) Dividend Is Being Reduced To CN¥0.15
Jun 19Slowing Rates Of Return At Western Metal Materials (SZSE:002149) Leave Little Room For Excitement
Jun 18Western Metal Materials' (SZSE:002149) Solid Earnings May Rest On Weak Foundations
May 06Does Western Metal Materials (SZSE:002149) Have A Healthy Balance Sheet?
Apr 24Further Upside For Western Metal Materials Co., Ltd. (SZSE:002149) Shares Could Introduce Price Risks After 27% Bounce
Mar 06Returns At Western Metal Materials (SZSE:002149) Are On The Way Up
Feb 28Financial Position Analysis
Short Term Liabilities: 002149's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 002149's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥326.0M).
Debt to Equity History and Analysis
Debt Level: 002149's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: 002149's debt to equity ratio has reduced from 53.9% to 45.7% over the past 5 years.
Debt Coverage: 002149's debt is not well covered by operating cash flow (19.5%).
Interest Coverage: 002149's interest payments on its debt are well covered by EBIT (8.5x coverage).