Chongyi Zhangyuan Tungsten Balance Sheet Health
Financial Health criteria checks 4/6
Chongyi Zhangyuan Tungsten has a total shareholder equity of CN¥2.1B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 88.5%. Its total assets and total liabilities are CN¥5.0B and CN¥2.9B respectively. Chongyi Zhangyuan Tungsten's EBIT is CN¥245.1M making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥516.3M.
Key information
88.5%
Debt to equity ratio
CN¥1.87b
Debt
| Interest coverage ratio | 3.2x |
| Cash | CN¥516.29m |
| Equity | CN¥2.12b |
| Total liabilities | CN¥2.90b |
| Total assets | CN¥5.02b |
Recent financial health updates
Does Chongyi Zhangyuan Tungsten (SZSE:002378) Have A Healthy Balance Sheet?
Sep 25
Here's Why Chongyi Zhangyuan Tungsten (SZSE:002378) Has A Meaningful Debt Burden
May 21Recent updates
Chongyi Zhangyuan Tungsten's (SZSE:002378) Solid Profits Have Weak Fundamentals
Nov 04With Chongyi Zhangyuan Tungsten Co., Ltd. (SZSE:002378) It Looks Like You'll Get What You Pay For
Oct 16Does Chongyi Zhangyuan Tungsten (SZSE:002378) Have A Healthy Balance Sheet?
Sep 25Returns On Capital At Chongyi Zhangyuan Tungsten (SZSE:002378) Have Stalled
Jul 18Chongyi Zhangyuan Tungsten Co., Ltd.'s (SZSE:002378) Earnings Haven't Escaped The Attention Of Investors
Jun 11Here's Why Chongyi Zhangyuan Tungsten (SZSE:002378) Has A Meaningful Debt Burden
May 21There May Be Some Bright Spots In Chongyi Zhangyuan Tungsten's (SZSE:002378) Earnings
Apr 29Why Investors Shouldn't Be Surprised By Chongyi Zhangyuan Tungsten Co., Ltd.'s (SZSE:002378) 25% Share Price Surge
Mar 07Financial Position Analysis
Short Term Liabilities: 002378's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 002378's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥916.0M).
Debt to Equity History and Analysis
Debt Level: 002378's net debt to equity ratio (64.2%) is considered high.
Reducing Debt: 002378's debt to equity ratio has increased from 74.3% to 88.5% over the past 5 years.
Debt Coverage: 002378's debt is well covered by operating cash flow (30%).
Interest Coverage: 002378's interest payments on its debt are well covered by EBIT (3.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:11 |
| End of Day Share Price | 2024/12/20 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Chongyi Zhangyuan Tungsten Co., Ltd. is covered by 9 analysts. 2 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 |
|---|---|
| Yubo Dong | China International Capital Corporation Limited |
| Jian Xin Guan | China Minzu Securities |
| Vincent Chan | Credit Suisse |