Ganzhou Tengyuan Cobalt New Material Co., Ltd.

SZSE:301219 Stock Report

Market Cap: CN¥14.3b

Ganzhou Tengyuan Cobalt New Material Balance Sheet Health

Financial Health criteria checks 6/6

Ganzhou Tengyuan Cobalt New Material has a total shareholder equity of CN¥8.6B and total debt of CN¥170.2M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are CN¥10.3B and CN¥1.6B respectively. Ganzhou Tengyuan Cobalt New Material's EBIT is CN¥759.2M making its interest coverage ratio -13. It has cash and short-term investments of CN¥3.1B.

Key information

2.0%

Debt to equity ratio

CN¥170.15m

Debt

Interest coverage ratio-13x
CashCN¥3.07b
EquityCN¥8.62b
Total liabilitiesCN¥1.65b
Total assetsCN¥10.27b

Recent financial health updates

Recent updates

Ganzhou Tengyuan Cobalt New Material's (SZSE:301219) Solid Profits Have Weak Fundamentals

Oct 29
Ganzhou Tengyuan Cobalt New Material's (SZSE:301219) Solid Profits Have Weak Fundamentals

Should You Think About Buying Ganzhou Tengyuan Cobalt New Material Co., Ltd. (SZSE:301219) Now?

Oct 18
Should You Think About Buying Ganzhou Tengyuan Cobalt New Material Co., Ltd. (SZSE:301219) Now?

The Market Lifts Ganzhou Tengyuan Cobalt New Material Co., Ltd. (SZSE:301219) Shares 41% But It Can Do More

Oct 01
The Market Lifts Ganzhou Tengyuan Cobalt New Material Co., Ltd. (SZSE:301219) Shares 41% But It Can Do More

Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Has A Pretty Healthy Balance Sheet

Sep 26
Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Has A Pretty Healthy Balance Sheet

Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Could Be Struggling To Allocate Capital

Jul 16
Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Could Be Struggling To Allocate Capital

Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Seems To Use Debt Quite Sensibly

Jun 24
Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Seems To Use Debt Quite Sensibly

We Think That There Are Issues Underlying Ganzhou Tengyuan Cobalt New Material's (SZSE:301219) Earnings

Apr 24
We Think That There Are Issues Underlying Ganzhou Tengyuan Cobalt New Material's (SZSE:301219) Earnings

Ganzhou Tengyuan Cobalt New Material Co., Ltd. (SZSE:301219) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Apr 18
Ganzhou Tengyuan Cobalt New Material Co., Ltd. (SZSE:301219) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected

Is Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Using Too Much Debt?

Feb 27
Is Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Using Too Much Debt?

Financial Position Analysis

Short Term Liabilities: 301219's short term assets (CN¥6.6B) exceed its short term liabilities (CN¥1.4B).

Long Term Liabilities: 301219's short term assets (CN¥6.6B) exceed its long term liabilities (CN¥276.8M).


Debt to Equity History and Analysis

Debt Level: 301219 has more cash than its total debt.

Reducing Debt: 301219's debt to equity ratio has reduced from 28% to 2% over the past 5 years.

Debt Coverage: 301219's debt is well covered by operating cash flow (226.5%).

Interest Coverage: 301219 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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