Jiangxi Hongcheng EnvironmentLtd Balance Sheet Health
Financial Health criteria checks 4/6
Jiangxi Hongcheng EnvironmentLtd has a total shareholder equity of CN¥10.2B and total debt of CN¥8.1B, which brings its debt-to-equity ratio to 80%. Its total assets and total liabilities are CN¥24.5B and CN¥14.4B respectively. Jiangxi Hongcheng EnvironmentLtd's EBIT is CN¥1.8B making its interest coverage ratio 10. It has cash and short-term investments of CN¥2.7B.
Key information
80.0%
Debt to equity ratio
CN¥8.14b
Debt
| Interest coverage ratio | 10x |
| Cash | CN¥2.73b |
| Equity | CN¥10.17b |
| Total liabilities | CN¥14.36b |
| Total assets | CN¥24.53b |
Recent financial health updates
Recent updates
Insufficient Growth At Jiangxi Hongcheng Environment Co.,Ltd. (SHSE:600461) Hampers Share Price
Nov 14
Jiangxi Hongcheng EnvironmentLtd's (SHSE:600461) Returns Have Hit A Wall
Oct 10Estimating The Intrinsic Value Of Jiangxi Hongcheng Environment Co.,Ltd. (SHSE:600461)
Sep 08Jiangxi Hongcheng Environment Co.,Ltd.'s (SHSE:600461) Shares Lagging The Market But So Is The Business
Aug 09Jiangxi Hongcheng EnvironmentLtd's (SHSE:600461) Dividend Will Be Increased To CN¥0.4407
Jul 01Jiangxi Hongcheng EnvironmentLtd (SHSE:600461) Hasn't Managed To Accelerate Its Returns
Jun 25Here's Why Jiangxi Hongcheng EnvironmentLtd (SHSE:600461) Has A Meaningful Debt Burden
Jun 05Jiangxi Hongcheng EnvironmentLtd's (SHSE:600461) Earnings Are Weaker Than They Seem
Apr 17Jiangxi Hongcheng Environment Co.,Ltd.'s (SHSE:600461) Low P/E No Reason For Excitement
Apr 12Investors Met With Slowing Returns on Capital At Jiangxi Hongcheng EnvironmentLtd (SHSE:600461)
Feb 28Financial Position Analysis
Short Term Liabilities: 600461's short term assets (CN¥6.5B) do not cover its short term liabilities (CN¥8.2B).
Long Term Liabilities: 600461's short term assets (CN¥6.5B) exceed its long term liabilities (CN¥6.2B).
Debt to Equity History and Analysis
Debt Level: 600461's net debt to equity ratio (53.2%) is considered high.
Reducing Debt: 600461's debt to equity ratio has reduced from 89.8% to 80% over the past 5 years.
Debt Coverage: 600461's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 600461's interest payments on its debt are well covered by EBIT (10x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 10:18 |
| End of Day Share Price | 2024/12/27 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 |
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| 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
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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
Jiangxi Hongcheng Environment Co.,Ltd. is covered by 9 analysts. 1 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 |
|---|---|
| Ying Deng | Changjiang Securities Co. LTD. |
| Hongwei Huang | Chasing Securities |
| Chunyang Zhu | China Merchants Securities Co. Ltd. |