Chongyi Zhangyuan Tungsten Balance Sheet Health
Financial Health criteria checks 2/6
Chongyi Zhangyuan Tungsten has a total shareholder equity of CN¥2.1B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 100.5%. Its total assets and total liabilities are CN¥4.8B and CN¥2.7B respectively. Chongyi Zhangyuan Tungsten's EBIT is CN¥191.1M making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥410.8M.
Key information
100.5%
Debt to equity ratio
CN¥2.08b
Debt
Interest coverage ratio | 2.9x |
Cash | CN¥410.79m |
Equity | CN¥2.07b |
Total liabilities | CN¥2.71b |
Total assets | CN¥4.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002378's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 002378's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥765.4M).
Debt to Equity History and Analysis
Debt Level: 002378's net debt to equity ratio (80.6%) is considered high.
Reducing Debt: 002378's debt to equity ratio has increased from 60.3% to 100.5% over the past 5 years.
Debt Coverage: 002378's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: 002378's interest payments on its debt are not well covered by EBIT (2.9x coverage).