Shandong Zhangqiu Blower Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Zhangqiu Blower has a total shareholder equity of CN¥1.4B and total debt of CN¥429.7M, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are CN¥2.8B and CN¥1.4B respectively. Shandong Zhangqiu Blower's EBIT is CN¥113.2M making its interest coverage ratio -16.2. It has cash and short-term investments of CN¥300.2M.
Key information
31.6%
Debt to equity ratio
CN¥429.72m
Debt
| Interest coverage ratio | -16.2x |
| Cash | CN¥300.23m |
| Equity | CN¥1.36b |
| Total liabilities | CN¥1.41b |
| Total assets | CN¥2.77b |
Recent financial health updates
No updates
Recent updates
Shandong Zhangqiu Blower Co., Ltd's (SZSE:002598) Share Price Boosted 29% But Its Business Prospects Need A Lift Too
Nov 28
Shandong Zhangqiu Blower's (SZSE:002598) Returns On Capital Not Reflecting Well On The Business
Oct 01Earnings Troubles May Signal Larger Issues for Shandong Zhangqiu Blower (SZSE:002598) Shareholders
Aug 03Shandong Zhangqiu Blower (SZSE:002598) Will Pay A Dividend Of CN¥0.10
Jun 30There's No Escaping Shandong Zhangqiu Blower Co., Ltd's (SZSE:002598) Muted Earnings Despite A 26% Share Price Rise
Mar 06If EPS Growth Is Important To You, Shandong Zhangqiu Blower (SZSE:002598) Presents An Opportunity
Feb 27Financial Position Analysis
Short Term Liabilities: 002598's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002598's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥174.1M).
Debt to Equity History and Analysis
Debt Level: 002598's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: 002598's debt to equity ratio has increased from 10.5% to 31.6% over the past 5 years.
Debt Coverage: 002598's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002598 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 18:59 |
| 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
Shandong Zhangqiu Blower Co., Ltd is covered by 3 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 |
|---|---|
| Xin Zhang | AJ Securities Co., Ltd |
| Zhou Lu | Everbright Securities Co. Ltd. |
| Jing Wei | Guodu Securities Co. |