Chengxin Lithium Group Balance Sheet Health
Financial Health criteria checks 5/6
Chengxin Lithium Group has a total shareholder equity of CN¥13.3B and total debt of CN¥5.5B, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are CN¥20.8B and CN¥7.5B respectively. Chengxin Lithium Group's EBIT is CN¥245.0M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥2.9B.
Key information
41.1%
Debt to equity ratio
CN¥5.45b
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥2.92b |
| Equity | CN¥13.28b |
| Total liabilities | CN¥7.48b |
| Total assets | CN¥20.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002240's short term assets (CN¥8.6B) exceed its short term liabilities (CN¥6.0B).
Long Term Liabilities: 002240's short term assets (CN¥8.6B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 002240's net debt to equity ratio (19.1%) is considered satisfactory.
Reducing Debt: 002240's debt to equity ratio has increased from 30.8% to 41.1% over the past 5 years.
Debt Coverage: 002240's debt is well covered by operating cash flow (28.1%).
Interest Coverage: 002240 earns more interest than it pays, so coverage of interest payments is not a concern.