TongweiLtd Balance Sheet Health
Financial Health criteria checks 1/6
TongweiLtd has a total shareholder equity of CN¥61.3B and total debt of CN¥71.6B, which brings its debt-to-equity ratio to 116.9%. Its total assets and total liabilities are CN¥197.9B and CN¥136.6B respectively.
Key information
116.9%
Debt to equity ratio
CN¥71.62b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥31.09b |
| Equity | CN¥61.27b |
| Total liabilities | CN¥136.63b |
| Total assets | CN¥197.91b |
Recent financial health updates
TongweiLtd (SHSE:600438) Is Carrying A Fair Bit Of Debt
Nov 28
We Think TongweiLtd (SHSE:600438) Is Taking Some Risk With Its Debt
Jul 26Does TongweiLtd (SHSE:600438) Have A Healthy Balance Sheet?
Feb 28Recent updates
TongweiLtd (SHSE:600438) Is Carrying A Fair Bit Of Debt
Nov 28Tongwei Co.,Ltd's (SHSE:600438) Price Is Right But Growth Is Lacking After Shares Rocket 41%
Oct 23There's No Escaping Tongwei Co.,Ltd's (SHSE:600438) Muted Revenues
Aug 21Tongwei Co.,Ltd's (SHSE:600438) Intrinsic Value Is Potentially 76% Above Its Share Price
Aug 08We Think TongweiLtd (SHSE:600438) Is Taking Some Risk With Its Debt
Jul 26Is Now The Time To Look At Buying Tongwei Co.,Ltd (SHSE:600438)?
Jun 06Improved Revenues Required Before Tongwei Co.,Ltd (SHSE:600438) Shares Find Their Feet
May 22There May Be Reason For Hope In TongweiLtd's (SHSE:600438) Disappointing Earnings
May 06Tongwei Co.,Ltd Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
May 01Under The Bonnet, TongweiLtd's (SHSE:600438) Returns Look Impressive
Apr 15Does TongweiLtd (SHSE:600438) Have A Healthy Balance Sheet?
Feb 28Financial Position Analysis
Short Term Liabilities: 600438's short term assets (CN¥69.2B) exceed its short term liabilities (CN¥63.8B).
Long Term Liabilities: 600438's short term assets (CN¥69.2B) do not cover its long term liabilities (CN¥72.9B).
Debt to Equity History and Analysis
Debt Level: 600438's net debt to equity ratio (66.1%) is considered high.
Reducing Debt: 600438's debt to equity ratio has increased from 86.6% to 116.9% over the past 5 years.
Debt Coverage: 600438's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: Insufficient data to determine if 600438's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 16:16 |
| 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 |
| |
| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tongwei Co.,Ltd is covered by 48 analysts. 22 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 |
|---|---|
| Cheng Shen | BOCI Research Ltd. |
| Miriam Chan | BofA Global Research |
| Jian Xiong Lim | CFRA Equity Research |