Zhejiang Weixing New Building Materials Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Weixing New Building Materials has a total shareholder equity of CN¥4.9B and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥6.5B and CN¥1.6B respectively. Zhejiang Weixing New Building Materials's EBIT is CN¥1.3B making its interest coverage ratio -11.8. It has cash and short-term investments of CN¥2.3B.
Key information
0.2%
Debt to equity ratio
CN¥10.00m
Debt
| Interest coverage ratio | -11.8x |
| Cash | CN¥2.25b |
| Equity | CN¥4.91b |
| Total liabilities | CN¥1.55b |
| Total assets | CN¥6.46b |
Recent financial health updates
No updates
Recent updates
Capital Investment Trends At Zhejiang Weixing New Building Materials (SZSE:002372) Look Strong
Dec 13
Estimating The Intrinsic Value Of Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372)
Nov 18Zhejiang Weixing New Building Materials Co., Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Nov 01Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372) Shares Fly 37% But Investors Aren't Buying For Growth
Oct 07Results: Zhejiang Weixing New Building Materials Co., Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts
Aug 26Are Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372) Investors Paying Above The Intrinsic Value?
Aug 12Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372) Looks Inexpensive But Perhaps Not Attractive Enough
Jul 26Zhejiang Weixing New Building Materials (SZSE:002372) Might Become A Compounding Machine
Jun 12The Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372) Annual Results Are Out And Analysts Have Published New Forecasts
Apr 10Zhejiang Weixing New Building Materials (SZSE:002372) Knows How To Allocate Capital
Feb 29Financial Position Analysis
Short Term Liabilities: 002372's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002372's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥100.3M).
Debt to Equity History and Analysis
Debt Level: 002372 has more cash than its total debt.
Reducing Debt: 002372's debt to equity ratio has increased from 0% to 0.2% over the past 5 years.
Debt Coverage: 002372's debt is well covered by operating cash flow (13828.5%).
Interest Coverage: 002372 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 | 2024/12/20 16:43 |
| End of Day Share Price | 2024/12/20 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
Zhejiang Weixing New Building Materials Co., Ltd. is covered by 29 analysts. 14 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 |
|---|---|
| Wenjie Xie | AJ Securities Co., Ltd |
| Qin Wang | BOCI Research Ltd. |
| Jin Ming Liu | Bohai Securities Co., Ltd. |