Xiamen TungstenLtd Balance Sheet Health
Financial Health criteria checks 5/6
Xiamen TungstenLtd has a total shareholder equity of CN¥20.2B and total debt of CN¥12.1B, which brings its debt-to-equity ratio to 60%. Its total assets and total liabilities are CN¥41.3B and CN¥21.2B respectively. Xiamen TungstenLtd's EBIT is CN¥3.1B making its interest coverage ratio 33.4. It has cash and short-term investments of CN¥4.0B.
Key information
60.0%
Debt to equity ratio
CN¥12.09b
Debt
| Interest coverage ratio | 33.4x |
| Cash | CN¥3.98b |
| Equity | CN¥20.15b |
| Total liabilities | CN¥21.20b |
| Total assets | CN¥41.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600549's short term assets (CN¥20.7B) exceed its short term liabilities (CN¥13.7B).
Long Term Liabilities: 600549's short term assets (CN¥20.7B) exceed its long term liabilities (CN¥7.5B).
Debt to Equity History and Analysis
Debt Level: 600549's net debt to equity ratio (40.2%) is considered high.
Reducing Debt: 600549's debt to equity ratio has reduced from 91.1% to 60% over the past 5 years.
Debt Coverage: 600549's debt is well covered by operating cash flow (38.4%).
Interest Coverage: 600549's interest payments on its debt are well covered by EBIT (33.4x coverage).