Ganfeng Lithium Group Balance Sheet Health
Financial Health criteria checks 1/6
Ganfeng Lithium Group has a total shareholder equity of CN¥52.1B and total debt of CN¥32.6B, which brings its debt-to-equity ratio to 62.5%. Its total assets and total liabilities are CN¥98.7B and CN¥46.5B respectively.
Key information
62.5%
Debt to equity ratio
CN¥32.58b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥7.06b |
| Equity | CN¥52.13b |
| Total liabilities | CN¥46.55b |
| Total assets | CN¥98.67b |
Recent financial health updates
Recent updates
Ganfeng Lithium Group Co., Ltd.'s (SZSE:002460) Shares Climb 35% But Its Business Is Yet to Catch Up
Nov 14
Subdued Growth No Barrier To Ganfeng Lithium Group Co., Ltd. (SZSE:002460) With Shares Advancing 26%
Sep 30We Think Ganfeng Lithium Group (SZSE:002460) Has A Fair Chunk Of Debt
Aug 18Ganfeng Lithium Group (SZSE:002460) Is Paying Out Less In Dividends Than Last Year
Jul 22Potential Upside For Ganfeng Lithium Group Co., Ltd. (SZSE:002460) Not Without Risk
Jun 03Investors Could Be Concerned With Ganfeng Lithium Group's (SZSE:002460) Returns On Capital
Apr 22Shaky 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¥21.9B) do not cover its short term liabilities (CN¥26.7B).
Long Term Liabilities: 002460's short term assets (CN¥21.9B) exceed its long term liabilities (CN¥19.8B).
Debt to Equity History and Analysis
Debt Level: 002460's net debt to equity ratio (49%) is considered high.
Reducing Debt: 002460's debt to equity ratio has increased from 53.3% to 62.5% over the past 5 years.
Debt Coverage: 002460's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: Insufficient data to determine if 002460'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 | 2025/01/03 18:45 |
| End of Day Share Price | 2025/01/03 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
Ganfeng Lithium Group Co., Ltd. is covered by 53 analysts. 16 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 |
|---|---|
| Quanzhi Lu | Avic Securities Co., Ltd |
| Cheng Shen | BOCI Research Ltd. |
| Yanlin Zhao | BofA Global Research |