Qingdao Sentury Tire Co., Ltd.

SZSE:002984 Stock Report

Market Cap: CN¥25.3b

Qingdao Sentury Tire Balance Sheet Health

Financial Health criteria checks 6/6

Qingdao Sentury Tire has a total shareholder equity of CN¥12.8B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are CN¥16.8B and CN¥4.0B respectively. Qingdao Sentury Tire's EBIT is CN¥2.2B making its interest coverage ratio -16.7. It has cash and short-term investments of CN¥3.3B.

Key information

16.5%

Debt to equity ratio

CN¥2.11b

Debt

Interest coverage ratio-16.7x
CashCN¥3.33b
EquityCN¥12.80b
Total liabilitiesCN¥3.98b
Total assetsCN¥16.78b

Recent financial health updates

Qingdao Sentury Tire (SZSE:002984) Seems To Use Debt Quite Sensibly

Nov 20
Qingdao Sentury Tire (SZSE:002984) Seems To Use Debt Quite Sensibly

Is Qingdao Sentury Tire (SZSE:002984) A Risky Investment?

May 28
Is Qingdao Sentury Tire (SZSE:002984) A Risky Investment?

Recent updates

Qingdao Sentury Tire (SZSE:002984) Seems To Use Debt Quite Sensibly

Nov 20
Qingdao Sentury Tire (SZSE:002984) Seems To Use Debt Quite Sensibly

Return Trends At Qingdao Sentury Tire (SZSE:002984) Aren't Appealing

Nov 05
Return Trends At Qingdao Sentury Tire (SZSE:002984) Aren't Appealing

Lacklustre Performance Is Driving Qingdao Sentury Tire Co., Ltd.'s (SZSE:002984) Low P/E

Oct 09
Lacklustre Performance Is Driving Qingdao Sentury Tire Co., Ltd.'s (SZSE:002984) Low P/E

Does Qingdao Sentury Tire (SZSE:002984) Deserve A Spot On Your Watchlist?

Sep 23
Does Qingdao Sentury Tire (SZSE:002984) Deserve A Spot On Your Watchlist?

Is Qingdao Sentury Tire Co., Ltd. (SZSE:002984) Expensive For A Reason? A Look At Its Intrinsic Value

Aug 23
Is Qingdao Sentury Tire Co., Ltd. (SZSE:002984) Expensive For A Reason? A Look At Its Intrinsic Value

Qingdao Sentury Tire (SZSE:002984) May Have Issues Allocating Its Capital

Aug 07
Qingdao Sentury Tire (SZSE:002984) May Have Issues Allocating Its Capital

With EPS Growth And More, Qingdao Sentury Tire (SZSE:002984) Makes An Interesting Case

Jun 19
With EPS Growth And More, Qingdao Sentury Tire (SZSE:002984) Makes An Interesting Case

Is Qingdao Sentury Tire (SZSE:002984) A Risky Investment?

May 28
Is Qingdao Sentury Tire (SZSE:002984) A Risky Investment?

Qingdao Sentury Tire Co., Ltd.'s (SZSE:002984) Price Is Right But Growth Is Lacking After Shares Rocket 26%

May 10
Qingdao Sentury Tire Co., Ltd.'s (SZSE:002984) Price Is Right But Growth Is Lacking After Shares Rocket 26%

The Returns On Capital At Qingdao Sentury Tire (SZSE:002984) Don't Inspire Confidence

May 06
The Returns On Capital At Qingdao Sentury Tire (SZSE:002984) Don't Inspire Confidence

Financial Position Analysis

Short Term Liabilities: 002984's short term assets (CN¥8.0B) exceed its short term liabilities (CN¥1.8B).

Long Term Liabilities: 002984's short term assets (CN¥8.0B) exceed its long term liabilities (CN¥2.1B).

Debt to Equity History and Analysis

Debt Level: 002984 has more cash than its total debt.

Reducing Debt: 002984's debt to equity ratio has reduced from 54.2% to 16.5% over the past 5 years.

Debt Coverage: 002984's debt is well covered by operating cash flow (110.9%).

Interest Coverage: 002984 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

DataLast Updated (UTC time)
Company Analysis2024/12/25 22:25
End of Day Share Price 2024/12/25 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Qingdao Sentury Tire Co., Ltd. is covered by 13 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wenpo RenChina Galaxy Securities Co., Ltd.
Qidi ZhaiChina Galaxy Securities Co., Ltd.
Kaiming FuChina International Capital Corporation Limited