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 |
| Cash | CN¥3.07b |
| Equity | CN¥8.62b |
| Total liabilities | CN¥1.65b |
| Total assets | CN¥10.27b |
Recent financial health updates
No updates
Recent updates
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.