West China Cement Balance Sheet Health
Financial Health criteria checks 2/6
West China Cement has a total shareholder equity of CN¥14.2B and total debt of CN¥11.8B, which brings its debt-to-equity ratio to 83.1%. Its total assets and total liabilities are CN¥32.9B and CN¥18.7B respectively. West China Cement's EBIT is CN¥1.3B making its interest coverage ratio 6.5. It has cash and short-term investments of CN¥922.7M.
Key information
83.1%
Debt to equity ratio
CN¥11.77b
Debt
| Interest coverage ratio | 6.5x |
| Cash | CN¥922.66m |
| Equity | CN¥14.17b |
| Total liabilities | CN¥18.73b |
| Total assets | CN¥32.90b |
Recent financial health updates
Does West China Cement (HKG:2233) Have A Healthy Balance Sheet?
May 30
West China Cement (HKG:2233) Use Of Debt Could Be Considered Risky
Sep 29Is West China Cement (HKG:2233) A Risky Investment?
May 13Here's Why West China Cement (HKG:2233) Has A Meaningful Debt Burden
Sep 03West China Cement (HKG:2233) Takes On Some Risk With Its Use Of Debt
Apr 11West China Cement (HKG:2233) Seems To Use Debt Quite Sensibly
Dec 17
Recent updates
West China Cement Limited (HKG:2233) Shares Could Be 46% Below Their Intrinsic Value Estimate
May 21West China Cement (HKG:2233) Will Pay A Smaller Dividend Than Last Year
Apr 17West China Cement's (HKG:2233) Dividend Is Being Reduced To CN¥0.023
Mar 21Further Upside For West China Cement Limited (HKG:2233) Shares Could Introduce Price Risks After 82% Bounce
Mar 12Sentiment Still Eluding West China Cement Limited (HKG:2233)
Jan 19Does West China Cement (HKG:2233) Have A Healthy Balance Sheet?
May 30West China Cement (HKG:2233) Use Of Debt Could Be Considered Risky
Sep 29Is West China Cement (HKG:2233) A Risky Investment?
May 13We Think That There Are Some Issues For West China Cement (HKG:2233) Beyond Its Promising Earnings
Sep 30Here's Why West China Cement (HKG:2233) Has A Meaningful Debt Burden
Sep 03West China Cement (HKG:2233) Takes On Some Risk With Its Use Of Debt
Apr 11West China Cement Limited's (HKG:2233) Intrinsic Value Is Potentially 80% Above Its Share Price
Mar 15Here's Why I Think West China Cement (HKG:2233) Is An Interesting Stock
Feb 22Could The West China Cement Limited (HKG:2233) Ownership Structure Tell Us Something Useful?
Jan 21West China Cement (HKG:2233) Seems To Use Debt Quite Sensibly
Dec 17Is There An Opportunity With West China Cement Limited's (HKG:2233) 35% Undervaluation?
Nov 26Financial Position Analysis
Short Term Liabilities: 2233's short term assets (CN¥7.8B) do not cover its short term liabilities (CN¥9.8B).
Long Term Liabilities: 2233's short term assets (CN¥7.8B) do not cover its long term liabilities (CN¥8.9B).
Debt to Equity History and Analysis
Debt Level: 2233's net debt to equity ratio (76.6%) is considered high.
Reducing Debt: 2233's debt to equity ratio has increased from 40.2% to 83.1% over the past 5 years.
Debt Coverage: 2233's debt is well covered by operating cash flow (22.9%).
Interest Coverage: 2233's interest payments on its debt are well covered by EBIT (6.5x coverage).