Changgao Electric Group Balance Sheet Health
Financial Health criteria checks 6/6
Changgao Electric Group has a total shareholder equity of CN¥2.3B and total debt of CN¥146.3M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are CN¥3.4B and CN¥1.0B respectively. Changgao Electric Group's EBIT is CN¥212.0M making its interest coverage ratio -12.5. It has cash and short-term investments of CN¥1.0B.
Key information
6.3%
Debt to equity ratio
CN¥146.32m
Debt
| Interest coverage ratio | -12.5x |
| Cash | CN¥1.03b |
| Equity | CN¥2.34b |
| Total liabilities | CN¥1.02b |
| Total assets | CN¥3.35b |
Recent financial health updates
Is Changgao Electric Group (SZSE:002452) Using Too Much Debt?
Sep 30
We Think Changgao Electric Group (SZSE:002452) Can Manage Its Debt With Ease
Apr 24Recent updates
Is Changgao Electric Group (SZSE:002452) Using Too Much Debt?
Sep 30Changgao Electric Group Co., Ltd.'s (SZSE:002452) Prospects Need A Boost To Lift Shares
Aug 20Changgao Electric Group (SZSE:002452) Is Looking To Continue Growing Its Returns On Capital
Jun 17We Think Changgao Electric Group (SZSE:002452) Can Manage Its Debt With Ease
Apr 24Even With A 30% Surge, Cautious Investors Are Not Rewarding Changgao Electric Group Co., Ltd.'s (SZSE:002452) Performance Completely
Mar 04Financial Position Analysis
Short Term Liabilities: 002452's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥739.4M).
Long Term Liabilities: 002452's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥279.2M).
Debt to Equity History and Analysis
Debt Level: 002452 has more cash than its total debt.
Reducing Debt: 002452's debt to equity ratio has reduced from 28.9% to 6.3% over the past 5 years.
Debt Coverage: 002452's debt is well covered by operating cash flow (258.1%).
Interest Coverage: 002452 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 01:48 |
| 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
Changgao Electric Group Co., Ltd. is covered by 6 analysts. 1 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 |
|---|---|
| Fu Yang | Chasing Securities |
| Yi Hu | China Merchants Securities Co. Ltd. |
| Pengwei Hua | Citic Securities Co., Ltd. |