Hongda - Asset Resilience Ratio
Hongda (600331) has an Asset Resilience Ratio of 0.13% as of September 2010. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. Check 600331 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2002–2015)
This chart shows how Hongda's Asset Resilience Ratio has changed over time. See Hongda balance sheet independence to measure how much of total assets are equity-financed.
Liquid Assets Composition Over Time
This chart breaks down Hongda's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For market capitalisation and broader financial context, see Hongda (600331) market capitalisation.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 0% |
| Short-term Investments | CN¥12.61 Million | 0.13% |
| Total Liquid Assets | CN¥12.61 Million | 0.13% |
Asset Resilience Insights
- Limited Liquidity: Hongda maintains only 0.13% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company has significant short-term investments, indicating active treasury management.
Hongda Industry Peers by Asset Resilience Ratio
Compare Hongda's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
Pilbara Minerals Ltd
AU:PLS |
Other Industrial Metals & Mining | 17.93% |
|
Jinduicheng Molybdenum Co Ltd
SHG:601958 |
Other Industrial Metals & Mining | 16.57% |
|
Liontown Resources Ltd
AU:LTR |
Other Industrial Metals & Mining | 22.16% |
|
Vale Indonesia Tbk
JK:INCO |
Other Industrial Metals & Mining | 0.07% |
|
Molymet
SN:MOLYMET |
Other Industrial Metals & Mining | 0.01% |
|
Alphamin Resources Corp.
JSE:APH |
Other Industrial Metals & Mining | 6.92% |
|
Vulcan Energy Resources Limited
AU:VUL |
Other Industrial Metals & Mining | 0.54% |
|
Xinjiang Baodi Mining Co. Ltd. A
SHG:601121 |
Other Industrial Metals & Mining | 1.72% |
Annual Asset Resilience Ratio for Hongda (2002–2015)
The table below shows the annual Asset Resilience Ratio data for Hongda.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2015-12-31 | 6.48% | CN¥663.00 Million ≈ $97.02 Million |
CN¥10.24 Billion ≈ $1.50 Billion |
+5.91pp |
| 2014-12-31 | 0.57% | CN¥60.00 Million ≈ $8.78 Million |
CN¥10.50 Billion ≈ $1.54 Billion |
+0.37pp |
| 2009-12-31 | 0.21% | CN¥17.84 Million ≈ $2.61 Million |
CN¥8.66 Billion ≈ $1.27 Billion |
+0.20pp |
| 2005-12-31 | 0.00% | CN¥100.00K ≈ $14.63K |
CN¥4.04 Billion ≈ $591.15 Million |
-2.16pp |
| 2003-12-31 | 2.16% | CN¥48.69 Million ≈ $7.13 Million |
CN¥2.26 Billion ≈ $330.08 Million |
+2.16pp |
| 2002-12-31 | 0.00% | CN¥50.00K ≈ $7.32K |
CN¥1.44 Billion ≈ $210.95 Million |
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About Hongda
Sichuan Hongda Co.,Ltd., together with its subsidiaries, engages in the non-ferrous metal zinc smelting and phosphorous chemical businesses in China. The company operates through Chemical Industry, Non-Ferrous Metals Industry, and Others segments. The company offers zinc ingots, hot-dip galvanized and cast zinc alloys, and zinc oxide under the Cishan brand; and rare metals, such as molybdenum, in… Read more