Chengxin Lithium Group Balance Sheet Health
Financial Health criteria checks 2/6
Chengxin Lithium Group has a total shareholder equity of CN¥12.4B and total debt of CN¥6.7B, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are CN¥21.2B and CN¥8.9B respectively.
Key information
54.1%
Debt to equity ratio
CN¥6.70b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.73b |
| Equity | CN¥12.39b |
| Total liabilities | CN¥8.86b |
| Total assets | CN¥21.24b |
Recent financial health updates
Recent updates
Chengxin Lithium Group (SZSE:002240) Is Carrying A Fair Bit Of Debt
Oct 28
Investors Still Aren't Entirely Convinced By Chengxin Lithium Group Co., Ltd.'s (SZSE:002240) Revenues Despite 28% Price Jump
Sep 30Chengxin Lithium Group Co., Ltd.'s (SZSE:002240) Shares May Have Run Too Fast Too Soon
May 27Chengxin Lithium Group's (SZSE:002240) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 03Chengxin Lithium Group (SZSE:002240) Is Looking To Continue Growing Its Returns On Capital
Feb 29Financial Position Analysis
Short Term Liabilities: 002240's short term assets (CN¥6.5B) do not cover its short term liabilities (CN¥6.9B).
Long Term Liabilities: 002240's short term assets (CN¥6.5B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 002240's net debt to equity ratio (40.2%) is considered high.
Reducing Debt: 002240's debt to equity ratio has increased from 41.2% to 54.1% over the past 5 years.
Debt Coverage: 002240's debt is well covered by operating cash flow (20.2%).
Interest Coverage: Insufficient data to determine if 002240's interest payments on its debt are well covered by EBIT.