Essence Fastening Systems (Shanghai) Balance Sheet Health
Financial Health criteria checks 4/6
Essence Fastening Systems (Shanghai) has a total shareholder equity of CN¥773.6M and total debt of CN¥145.0M, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are CN¥1.2B and CN¥395.5M respectively. Essence Fastening Systems (Shanghai)'s EBIT is CN¥3.1M making its interest coverage ratio -3.9. It has cash and short-term investments of CN¥190.2M.
Key information
18.7%
Debt to equity ratio
CN¥145.03m
Debt
| Interest coverage ratio | -3.9x |
| Cash | CN¥190.17m |
| Equity | CN¥773.64m |
| Total liabilities | CN¥395.46m |
| Total assets | CN¥1.17b |
Recent financial health updates
Recent updates
Essence Fastening Systems (Shanghai) (SZSE:301005) Has A Somewhat Strained Balance Sheet
Dec 10
Essence Fastening Systems (Shanghai) (SZSE:301005) Is Reinvesting At Lower Rates Of Return
Nov 18Optimistic Investors Push Essence Fastening Systems (Shanghai) Co., Ltd. (SZSE:301005) Shares Up 40% But Growth Is Lacking
Oct 08Essence Fastening Systems (Shanghai)'s (SZSE:301005) Problems Go Beyond Weak Profit
Aug 29Essence Fastening Systems (Shanghai) (SZSE:301005) May Have Issues Allocating Its Capital
Jul 25Essence Fastening Systems (Shanghai) Co., Ltd.'s (SZSE:301005) Business Is Trailing The Industry But Its Shares Aren't
Jun 24Essence Fastening Systems (Shanghai) (SZSE:301005) May Have Issues Allocating Its Capital
Apr 17Essence Fastening Systems (Shanghai) Co., Ltd.'s (SZSE:301005) 29% Price Boost Is Out Of Tune With Revenues
Mar 11Financial Position Analysis
Short Term Liabilities: 301005's short term assets (CN¥672.2M) exceed its short term liabilities (CN¥371.4M).
Long Term Liabilities: 301005's short term assets (CN¥672.2M) exceed its long term liabilities (CN¥24.0M).
Debt to Equity History and Analysis
Debt Level: 301005 has more cash than its total debt.
Reducing Debt: 301005's debt to equity ratio has increased from 7.8% to 18.7% over the past 5 years.
Debt Coverage: 301005's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301005 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 | 2024/12/24 16:21 |
| End of Day Share Price | 2024/12/24 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Essence Fastening Systems (Shanghai) Co., Ltd. is covered by 0 analysts. 0 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 |
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