Ganfeng Lithium Group Balance Sheet Health
Financial Health criteria checks 4/6
Ganfeng Lithium Group has a total shareholder equity of CN¥52.3B and total debt of CN¥25.2B, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are CN¥91.7B and CN¥39.4B respectively. Ganfeng Lithium Group's EBIT is CN¥374.8M making its interest coverage ratio -0.1. It has cash and short-term investments of CN¥11.7B.
Key information
48.2%
Debt to equity ratio
CN¥25.20b
Debt
| Interest coverage ratio | -0.1x |
| Cash | CN¥11.68b |
| Equity | CN¥52.32b |
| Total liabilities | CN¥39.38b |
| Total assets | CN¥91.70b |
Recent financial health updates
No updates
Recent updates
Investors Could Be Concerned With Ganfeng Lithium Group's (SZSE:002460) Returns On Capital
Apr 22
Shaky Earnings May Not Tell The Whole Story For Ganfeng Lithium Group (SZSE:002460)
Apr 04Downgrade: Here's How Analysts See Ganfeng Lithium Group Co., Ltd. (SZSE:002460) Performing In The Near Term
Apr 02Earnings Miss: Ganfeng Lithium Group Co., Ltd. Missed EPS By 26% And Analysts Are Revising Their Forecasts
Apr 01Financial Position Analysis
Short Term Liabilities: 002460's short term assets (CN¥28.2B) exceed its short term liabilities (CN¥20.3B).
Long Term Liabilities: 002460's short term assets (CN¥28.2B) exceed its long term liabilities (CN¥19.1B).
Debt to Equity History and Analysis
Debt Level: 002460's net debt to equity ratio (25.8%) is considered satisfactory.
Reducing Debt: 002460's debt to equity ratio has increased from 34.3% to 48.2% over the past 5 years.
Debt Coverage: 002460's debt is not well covered by operating cash flow (0.6%).
Interest Coverage: 002460 earns more interest than it pays, so coverage of interest payments is not a concern.