Tianqi Lithium Balance Sheet Health
Financial Health criteria checks 5/6
Tianqi Lithium has a total shareholder equity of CN¥50.4B and total debt of CN¥13.6B, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are CN¥70.4B and CN¥20.0B respectively. Tianqi Lithium's EBIT is CN¥8.9B making its interest coverage ratio 29.2. It has cash and short-term investments of CN¥6.7B.
Key information
27.0%
Debt to equity ratio
CN¥13.57b
Debt
| Interest coverage ratio | 29.2x |
| Cash | CN¥6.75b |
| Equity | CN¥50.35b |
| Total liabilities | CN¥20.00b |
| Total assets | CN¥70.36b |
Recent financial health updates
Here's Why Tianqi Lithium (SZSE:002466) Can Manage Its Debt Responsibly
Dec 13
Here's Why Tianqi Lithium (SZSE:002466) Can Manage Its Debt Responsibly
Aug 07Does Tianqi Lithium (SZSE:002466) Have A Healthy Balance Sheet?
Mar 15Recent updates
Here's Why Tianqi Lithium (SZSE:002466) Can Manage Its Debt Responsibly
Dec 13Tianqi Lithium Corporation's (SZSE:002466) 25% Share Price Surge Not Quite Adding Up
Nov 12Is Tianqi Lithium Corporation (SZSE:002466) Potentially Undervalued?
Oct 28Tianqi Lithium (SZSE:002466) Knows How To Allocate Capital Effectively
Oct 13Tianqi Lithium Corporation's (SZSE:002466) Share Price Could Signal Some Risk
Sep 27Tianqi Lithium Corporation (SZSE:002466) Analysts Are Reducing Their Forecasts For This Year
Sep 11Earnings Release: Here's Why Analysts Cut Their Tianqi Lithium Corporation (SZSE:002466) Price Target To CN¥39.75
Sep 03Here's Why Tianqi Lithium (SZSE:002466) Can Manage Its Debt Responsibly
Aug 07There's Reason For Concern Over Tianqi Lithium Corporation's (SZSE:002466) Price
Jun 12Returns on Capital Paint A Bright Future For Tianqi Lithium (SZSE:002466)
May 21Time To Worry? Analysts Are Downgrading Their Tianqi Lithium Corporation (SZSE:002466) Outlook
Apr 12Tianqi Lithium Corporation Just Missed Earnings - But Analysts Have Updated Their Models
Apr 01Does Tianqi Lithium (SZSE:002466) Have A Healthy Balance Sheet?
Mar 15Financial Position Analysis
Short Term Liabilities: 002466's short term assets (CN¥13.6B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 002466's short term assets (CN¥13.6B) do not cover its long term liabilities (CN¥15.1B).
Debt to Equity History and Analysis
Debt Level: 002466's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: 002466's debt to equity ratio has reduced from 278.6% to 27% over the past 5 years.
Debt Coverage: 002466's debt is well covered by operating cash flow (50.4%).
Interest Coverage: 002466's interest payments on its debt are well covered by EBIT (29.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 12:58 |
| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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
Tianqi Lithium Corporation is covered by 46 analysts. 22 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 |
|---|---|
| Yanlin Zhao | BofA Global Research |
| Helen Lau | CCB International Securities Limited |
| Jun Ge | Changjiang Securities Co. LTD. |