FangDa Carbon New MaterialLtd Balance Sheet Health
Financial Health criteria checks 5/6
FangDa Carbon New MaterialLtd has a total shareholder equity of CN¥18.4B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are CN¥21.3B and CN¥2.9B respectively. FangDa Carbon New MaterialLtd's EBIT is CN¥218.6M making its interest coverage ratio -1.6. It has cash and short-term investments of CN¥7.1B.
Key information
6.5%
Debt to equity ratio
CN¥1.19b
Debt
| Interest coverage ratio | -1.6x |
| Cash | CN¥7.06b |
| Equity | CN¥18.41b |
| Total liabilities | CN¥2.87b |
| Total assets | CN¥21.28b |
Recent financial health updates
We Think FangDa Carbon New MaterialLtd (SHSE:600516) Can Stay On Top Of Its Debt
Sep 20
Is FangDa Carbon New MaterialLtd (SHSE:600516) Using Too Much Debt?
May 22Recent updates
FangDa Carbon New Material Co.,Ltd (SHSE:600516) Shares Could Be 40% Below Their Intrinsic Value Estimate
Nov 25Market Participants Recognise FangDa Carbon New Material Co.,Ltd's (SHSE:600516) Earnings Pushing Shares 37% Higher
Oct 08We Think FangDa Carbon New MaterialLtd (SHSE:600516) Can Stay On Top Of Its Debt
Sep 20Some Investors May Be Worried About FangDa Carbon New MaterialLtd's (SHSE:600516) Returns On Capital
Aug 23Some Confidence Is Lacking In FangDa Carbon New Material Co.,Ltd's (SHSE:600516) P/E
Aug 02Is FangDa Carbon New MaterialLtd (SHSE:600516) Using Too Much Debt?
May 22The Returns On Capital At FangDa Carbon New MaterialLtd (SHSE:600516) Don't Inspire Confidence
Apr 29Some May Be Optimistic About FangDa Carbon New MaterialLtd's (SHSE:600516) Earnings
Apr 08Financial Position Analysis
Short Term Liabilities: 600516's short term assets (CN¥10.3B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 600516's short term assets (CN¥10.3B) exceed its long term liabilities (CN¥429.4M).
Debt to Equity History and Analysis
Debt Level: 600516 has more cash than its total debt.
Reducing Debt: 600516's debt to equity ratio has increased from 4.7% to 6.5% over the past 5 years.
Debt Coverage: 600516's debt is well covered by operating cash flow (58.7%).
Interest Coverage: 600516 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 02:37 |
| 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
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
FangDa Carbon New Material Co.,Ltd is covered by 15 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 |
|---|---|
| Paul Robert Dewberry | BofA Global Research |
| He Tao Wang | Changjiang Securities Co. LTD. |
| Wenping Liu | China Merchants Securities Co. Ltd. |