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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 20:46 |
| End of Day Share Price | 2024/12/30 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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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
Chengxin Lithium Group Co., Ltd. is covered by 14 analysts. 7 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 |
|---|---|
| Edward Leung | BofA Global Research |
| Zhizhong Jing | China Merchants Securities Co. Ltd. |
| Junfei Bai | Citic Securities Co., Ltd. |