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¥8.7B and total debt of CN¥302.4M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are CN¥10.2B and CN¥1.5B respectively. Ganzhou Tengyuan Cobalt New Material's EBIT is CN¥494.9M making its interest coverage ratio -7.8. It has cash and short-term investments of CN¥3.8B.
Key information
3.5%
Debt to equity ratio
CN¥302.39m
Debt
Interest coverage ratio | -7.8x |
Cash | CN¥3.76b |
Equity | CN¥8.67b |
Total liabilities | CN¥1.53b |
Total assets | CN¥10.20b |
Recent financial health updates
Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Seems To Use Debt Quite Sensibly
Jun 24Is Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Using Too Much Debt?
Feb 27Recent updates
Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Seems To Use Debt Quite Sensibly
Jun 24We Think That There Are Issues Underlying Ganzhou Tengyuan Cobalt New Material's (SZSE:301219) Earnings
Apr 24Ganzhou Tengyuan Cobalt New Material Co., Ltd. (SZSE:301219) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected
Apr 18Is Ganzhou Tengyuan Cobalt New Material (SZSE:301219) Using Too Much Debt?
Feb 27Financial Position Analysis
Short Term Liabilities: 301219's short term assets (CN¥6.7B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 301219's short term assets (CN¥6.7B) exceed its long term liabilities (CN¥220.1M).
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 32.6% to 3.5% over the past 5 years.
Debt Coverage: 301219's debt is well covered by operating cash flow (371.4%).
Interest Coverage: 301219 earns more interest than it pays, so coverage of interest payments is not a concern.