Shandong Tengda Fasten Tech Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Tengda Fasten Tech has a total shareholder equity of CN¥1.5B and total debt of CN¥1.3M, which brings its debt-to-equity ratio to 0.09%. Its total assets and total liabilities are CN¥2.1B and CN¥670.3M respectively. Shandong Tengda Fasten Tech's EBIT is CN¥61.6M making its interest coverage ratio -6.7. It has cash and short-term investments of CN¥845.2M.
Key information
0.09%
Debt to equity ratio
CN¥1.25m
Debt
| Interest coverage ratio | -6.7x |
| Cash | CN¥845.22m |
| Equity | CN¥1.45b |
| Total liabilities | CN¥670.33m |
| Total assets | CN¥2.12b |
Recent financial health updates
No updates
Recent updates
Shandong Tengda Fasten Tech. Co., Ltd.'s (SZSE:001379) 29% Price Boost Is Out Of Tune With Revenues
Nov 19
Shandong Tengda Fasten Tech's (SZSE:001379) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Nov 02We Think You Can Look Beyond Shandong Tengda Fasten Tech's (SZSE:001379) Lackluster Earnings
Apr 26Shandong Tengda Fasten Tech. Co. Ltd's (SZSE:001379) Business Is Yet to Catch Up With Its Share Price
Apr 21Financial Position Analysis
Short Term Liabilities: 001379's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥548.2M).
Long Term Liabilities: 001379's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥122.1M).
Debt to Equity History and Analysis
Debt Level: 001379 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 001379's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 001379's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 001379 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 02:58 |
| 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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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
Shandong Tengda Fasten Tech. 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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