Chongqing Shunbo AluminumLtd Balance Sheet Health
Financial Health criteria checks 3/6
Chongqing Shunbo AluminumLtd has a total shareholder equity of CN¥3.3B and total debt of CN¥7.1B, which brings its debt-to-equity ratio to 214.7%. Its total assets and total liabilities are CN¥12.4B and CN¥9.1B respectively. Chongqing Shunbo AluminumLtd's EBIT is CN¥259.7M making its interest coverage ratio 13.7. It has cash and short-term investments of CN¥2.4B.
Key information
214.7%
Debt to equity ratio
CN¥7.09b
Debt
| Interest coverage ratio | 13.7x |
| Cash | CN¥2.41b |
| Equity | CN¥3.30b |
| Total liabilities | CN¥9.08b |
| Total assets | CN¥12.38b |
Recent financial health updates
Recent updates
Chongqing Shunbo AluminumLtd (SZSE:002996) May Have Issues Allocating Its Capital
Oct 29
Impressive Earnings May Not Tell The Whole Story For Chongqing Shunbo AluminumLtd (SZSE:002996)
Aug 30Does Chongqing Shunbo AluminumLtd (SZSE:002996) Have A Healthy Balance Sheet?
Jun 06Chongqing Shunbo Aluminum Co.,Ltd. (SZSE:002996) Stock Rockets 30% But Many Are Still Ignoring The Company
Mar 07There Are Reasons To Feel Uneasy About Chongqing Shunbo AluminumLtd's (SZSE:002996) Returns On Capital
Feb 27Financial Position Analysis
Short Term Liabilities: 002996's short term assets (CN¥10.6B) exceed its short term liabilities (CN¥7.9B).
Long Term Liabilities: 002996's short term assets (CN¥10.6B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 002996's net debt to equity ratio (141.7%) is considered high.
Reducing Debt: 002996's debt to equity ratio has increased from 34.8% to 214.7% over the past 5 years.
Debt Coverage: 002996's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: 002996's interest payments on its debt are well covered by EBIT (13.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 13:08 |
| 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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Industry and Sector Metrics
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Analyst Sources
Chongqing Shunbo Aluminum Co.,Ltd. is covered by 2 analysts. 0 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 |
|---|---|
| Mengluan Liu | Guosen Securities Co., Ltd. |
| Zu Xue Qiu | Industrial Securities Co. Ltd. |