Zhejiang Taotao Vehicles Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Taotao Vehicles has a total shareholder equity of CN¥3.0B and total debt of CN¥551.4M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are CN¥4.5B and CN¥1.5B respectively. Zhejiang Taotao Vehicles's EBIT is CN¥459.3M making its interest coverage ratio -11.7. It has cash and short-term investments of CN¥1.7B.
Key information
18.2%
Debt to equity ratio
CN¥551.38m
Debt
| Interest coverage ratio | -11.7x |
| Cash | CN¥1.71b |
| Equity | CN¥3.03b |
| Total liabilities | CN¥1.49b |
| Total assets | CN¥4.52b |
Recent financial health updates
Recent updates
Zhejiang Taotao Vehicles (SZSE:301345) Is Reinvesting At Lower Rates Of Return
Nov 22
We Think That There Are Some Issues For Zhejiang Taotao Vehicles (SZSE:301345) Beyond Its Promising Earnings
Nov 05Not Many Are Piling Into Zhejiang Taotao Vehicles Co., Ltd. (SZSE:301345) Just Yet
Oct 07Here's Why Zhejiang Taotao Vehicles (SZSE:301345) Has Caught The Eye Of Investors
Sep 18Zhejiang Taotao Vehicles Co., Ltd. (SZSE:301345) Looks Inexpensive After Falling 28% But Perhaps Not Attractive Enough
Jul 03Does Zhejiang Taotao Vehicles (SZSE:301345) Have A Healthy Balance Sheet?
Jun 28Be Wary Of Zhejiang Taotao Vehicles (SZSE:301345) And Its Returns On Capital
Jun 10Here's Why We Think Zhejiang Taotao Vehicles (SZSE:301345) Is Well Worth Watching
May 13Subdued Growth No Barrier To Zhejiang Taotao Vehicles Co., Ltd. (SZSE:301345) With Shares Advancing 27%
Apr 22Zhejiang Taotao Vehicles Co., Ltd.'s (SZSE:301345) 27% Price Boost Is Out Of Tune With Earnings
Apr 22Financial Position Analysis
Short Term Liabilities: 301345's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 301345's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥88.5M).
Debt to Equity History and Analysis
Debt Level: 301345 has more cash than its total debt.
Reducing Debt: 301345's debt to equity ratio has reduced from 51.3% to 18.2% over the past 5 years.
Debt Coverage: 301345's debt is well covered by operating cash flow (46.5%).
Interest Coverage: 301345 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 | 2024/12/23 08:33 |
| End of Day Share Price | 2024/12/23 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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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
Zhejiang Taotao Vehicles Co., Ltd. is covered by 4 analysts. 4 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 |
|---|---|
| Xinyi Zhou | Chasing Securities |
| Yuewei Zhao | Haitong International Research Limited |
| Xiaoqing Yan | Industrial Securities Co. Ltd. |