Zhejiang Tiancheng Controls Balance Sheet Health
Financial Health criteria checks 1/6
Zhejiang Tiancheng Controls has a total shareholder equity of CN¥897.9M and total debt of CN¥805.7M, which brings its debt-to-equity ratio to 89.7%. Its total assets and total liabilities are CN¥3.2B and CN¥2.3B respectively. Zhejiang Tiancheng Controls's EBIT is CN¥11.1M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥257.9M.
Key information
89.7%
Debt to equity ratio
CN¥805.75m
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥257.86m |
| Equity | CN¥897.90m |
| Total liabilities | CN¥2.26b |
| Total assets | CN¥3.15b |
Recent financial health updates
No updates
Recent updates
Zhejiang Tiancheng Controls (SHSE:603085) Is Finding It Tricky To Allocate Its Capital
Nov 29
Statutory Profit Doesn't Reflect How Good Zhejiang Tiancheng Controls' (SHSE:603085) Earnings Are
Nov 04What Zhejiang Tiancheng Controls Co., Ltd.'s (SHSE:603085) P/S Is Not Telling You
Oct 25Zhejiang Tiancheng Controls (SHSE:603085) Will Be Hoping To Turn Its Returns On Capital Around
Aug 01Shareholders Will Be Pleased With The Quality of Zhejiang Tiancheng Controls' (SHSE:603085) Earnings
May 03Subdued Growth No Barrier To Zhejiang Tiancheng Controls Co., Ltd. (SHSE:603085) With Shares Advancing 37%
Mar 06Financial Position Analysis
Short Term Liabilities: 603085's short term assets (CN¥1.7B) do not cover its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603085's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥538.6M).
Debt to Equity History and Analysis
Debt Level: 603085's net debt to equity ratio (61%) is considered high.
Reducing Debt: 603085's debt to equity ratio has increased from 76% to 89.7% over the past 5 years.
Debt Coverage: 603085's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: 603085's interest payments on its debt are not well covered by EBIT (0.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 16:20 |
| End of Day Share Price | 2024/12/26 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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Industry and Sector Metrics
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Analyst Sources
Zhejiang Tiancheng Controls Co., Ltd. is covered by 6 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 |
|---|---|
| Peng Zhu | BOCI Research Ltd. |
| Yi Liu | Citic Securities Co., Ltd. |
| Zhicai Xie | Huatai Research |