Shanghai Liangxin ElectricalLTD Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Liangxin ElectricalLTD has a total shareholder equity of CN¥4.1B and total debt of CN¥52.5M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥5.5B and CN¥1.4B respectively. Shanghai Liangxin ElectricalLTD's EBIT is CN¥412.1M making its interest coverage ratio -38.7. It has cash and short-term investments of CN¥972.6M.
Key information
1.3%
Debt to equity ratio
CN¥52.49m
Debt
| Interest coverage ratio | -38.7x |
| Cash | CN¥972.56m |
| Equity | CN¥4.10b |
| Total liabilities | CN¥1.45b |
| Total assets | CN¥5.55b |
Recent financial health updates
Is Shanghai Liangxin ElectricalLTD (SZSE:002706) Using Too Much Debt?
May 28
Shanghai Liangxin ElectricalLTD (SZSE:002706) Has A Pretty Healthy Balance Sheet
Feb 28Recent updates
There's No Escaping Shanghai Liangxin Electrical Co.,LTD.'s (SZSE:002706) Muted Earnings Despite A 28% Share Price Rise
Sep 30Analysts Are More Bearish On Shanghai Liangxin Electrical Co.,LTD. (SZSE:002706) Than They Used To Be
Aug 26Are Shanghai Liangxin Electrical Co.,LTD. (SZSE:002706) Investors Paying Above The Intrinsic Value?
Jul 31Is Shanghai Liangxin ElectricalLTD (SZSE:002706) Using Too Much Debt?
May 28Shanghai Liangxin ElectricalLTD's (SZSE:002706) Shareholders Will Receive A Bigger Dividend Than Last Year
May 10Impressive Earnings May Not Tell The Whole Story For Shanghai Liangxin ElectricalLTD (SZSE:002706)
Apr 08Analysts Have Just Cut Their Shanghai Liangxin Electrical Co.,LTD. (SZSE:002706) Revenue Estimates By 10%
Apr 04Earnings Report: Shanghai Liangxin Electrical Co.,LTD. Missed Revenue Estimates By 7.1%
Apr 02Returns On Capital At Shanghai Liangxin ElectricalLTD (SZSE:002706) Have Hit The Brakes
Apr 01Shanghai Liangxin ElectricalLTD (SZSE:002706) Has A Pretty Healthy Balance Sheet
Feb 28Financial Position Analysis
Short Term Liabilities: 002706's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002706's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥51.8M).
Debt to Equity History and Analysis
Debt Level: 002706 has more cash than its total debt.
Reducing Debt: 002706's debt to equity ratio has increased from 0% to 1.3% over the past 5 years.
Debt Coverage: 002706's debt is well covered by operating cash flow (1165.9%).
Interest Coverage: 002706 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 00:11 |
| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Shanghai Liangxin Electrical Co.,LTD. is covered by 16 analysts. 7 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 |
|---|---|
| Bo Hua Wu | Changjiang Securities Co. LTD. |
| Jun Ma | Changjiang Securities Co. LTD. |
| Fu Yang | Chasing Securities |