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¥1.7B, which brings its debt-to-equity ratio to 47.9%. Its total assets and total liabilities are CN¥6.9B and CN¥3.4B respectively. Western Metal Materials's EBIT is CN¥250.0M making its interest coverage ratio 24.2. It has cash and short-term investments of CN¥607.8M.
Key information
47.9%
Debt to equity ratio
CN¥1.68b
Debt
Interest coverage ratio | 24.2x |
Cash | CN¥607.77m |
Equity | CN¥3.50b |
Total liabilities | CN¥3.36b |
Total assets | CN¥6.86b |
Recent financial health updates
We Think Western Metal Materials (SZSE:002149) Can Stay On Top Of Its Debt
Aug 13Does Western Metal Materials (SZSE:002149) Have A Healthy Balance Sheet?
Apr 24Recent updates
We 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¥4.5B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 002149's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥432.6M).
Debt to Equity History and Analysis
Debt Level: 002149's net debt to equity ratio (30.5%) is considered satisfactory.
Reducing Debt: 002149's debt to equity ratio has increased from 46.2% to 47.9% over the past 5 years.
Debt Coverage: 002149's debt is well covered by operating cash flow (26.1%).
Interest Coverage: 002149's interest payments on its debt are well covered by EBIT (24.2x coverage).