Songz Automobile Air Conditioning Balance Sheet Health
Financial Health criteria checks 5/6
Songz Automobile Air Conditioning has a total shareholder equity of CN¥4.4B and total debt of CN¥30.0M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥7.5B and CN¥3.1B respectively. Songz Automobile Air Conditioning's EBIT is CN¥156.2M making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥2.0B.
Key information
0.7%
Debt to equity ratio
CN¥30.00m
Debt
| Interest coverage ratio | -5.9x |
| Cash | CN¥2.00b |
| Equity | CN¥4.45b |
| Total liabilities | CN¥3.09b |
| Total assets | CN¥7.53b |
Recent financial health updates
Recent updates
Is Songz Automobile Air Conditioning (SZSE:002454) A Risky Investment?
Nov 18
Some May Be Optimistic About Songz Automobile Air Conditioning's (SZSE:002454) Earnings
Sep 04Songz Automobile Air Conditioning (SZSE:002454) Has Announced That It Will Be Increasing Its Dividend To CN¥0.06
Jun 11Be Wary Of Songz Automobile Air Conditioning (SZSE:002454) And Its Returns On Capital
Jun 07Songz Automobile Air Conditioning Co., Ltd (SZSE:002454) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected
Mar 13Financial Position Analysis
Short Term Liabilities: 002454's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 002454's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥184.6M).
Debt to Equity History and Analysis
Debt Level: 002454 has more cash than its total debt.
Reducing Debt: 002454's debt to equity ratio has increased from 0.06% to 0.7% over the past 5 years.
Debt Coverage: 002454's debt is well covered by operating cash flow (1002.5%).
Interest Coverage: 002454 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 11:40 |
| 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 |
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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
Songz Automobile Air Conditioning Co., Ltd is covered by 12 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 |
|---|---|
| Wei Feng | China International Capital Corporation Limited |
| Wenxin Yu | China Investment Securities |
| Liusheng Wang | China Merchants Securities Co. Ltd. |