Zhejiang Rongtai Electric MaterialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Rongtai Electric MaterialLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥2.0M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥2.1B and CN¥358.6M respectively. Zhejiang Rongtai Electric MaterialLtd's EBIT is CN¥212.7M making its interest coverage ratio -20.8. It has cash and short-term investments of CN¥826.6M.
Key information
0.1%
Debt to equity ratio
CN¥2.02m
Debt
| Interest coverage ratio | -20.8x |
| Cash | CN¥826.62m |
| Equity | CN¥1.77b |
| Total liabilities | CN¥358.61m |
| Total assets | CN¥2.13b |
Recent financial health updates
Recent updates
There Are Reasons To Feel Uneasy About Zhejiang Rongtai Electric MaterialLtd's (SHSE:603119) Returns On Capital
Dec 24
Is There An Opportunity With Zhejiang Rongtai Electric Material Co.,Ltd.'s (SHSE:603119) 27% Undervaluation?
Nov 28Zhejiang Rongtai Electric Material Co.,Ltd. (SHSE:603119) Stock Rockets 32% As Investors Are Less Pessimistic Than Expected
Nov 07Zhejiang Rongtai Electric MaterialLtd (SHSE:603119) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Aug 26These 4 Measures Indicate That Zhejiang Rongtai Electric MaterialLtd (SHSE:603119) Is Using Debt Safely
Jul 21Financial Position Analysis
Short Term Liabilities: 603119's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥310.7M).
Long Term Liabilities: 603119's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥47.9M).
Debt to Equity History and Analysis
Debt Level: 603119 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603119's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603119's debt is well covered by operating cash flow (12504.1%).
Interest Coverage: 603119 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 | 2024/12/25 05:24 |
| End of Day Share Price | 2024/12/25 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
Zhejiang Rongtai Electric Material Co.,Ltd. is covered by 2 analysts. 2 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 |
|---|---|
| Weichen Wu | Citic Securities Co., Ltd. |
| Xiaoya Sun | Tianfeng Securities Brokerage Co., Ltd |