Dongguan Chitwing Technology Balance Sheet Health
Financial Health criteria checks 1/6
Dongguan Chitwing Technology has a total shareholder equity of CN¥719.1M and total debt of CN¥435.4M, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are CN¥2.0B and CN¥1.3B respectively.
Key information
60.5%
Debt to equity ratio
CN¥435.42m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥93.13m |
| Equity | CN¥719.13m |
| Total liabilities | CN¥1.26b |
| Total assets | CN¥1.98b |
Recent financial health updates
Does Dongguan Chitwing Technology (SZSE:002855) Have A Healthy Balance Sheet?
Nov 27
Would Dongguan Chitwing Technology (SZSE:002855) Be Better Off With Less Debt?
Jun 26Recent updates
Does Dongguan Chitwing Technology (SZSE:002855) Have A Healthy Balance Sheet?
Nov 27Dongguan Chitwing Technology Co., Ltd. (SZSE:002855) Stock Rockets 34% As Investors Are Less Pessimistic Than Expected
Oct 17Subdued Growth No Barrier To Dongguan Chitwing Technology Co., Ltd.'s (SZSE:002855) Price
Aug 02Would Dongguan Chitwing Technology (SZSE:002855) Be Better Off With Less Debt?
Jun 26More Unpleasant Surprises Could Be In Store For Dongguan Chitwing Technology Co., Ltd.'s (SZSE:002855) Shares After Tumbling 30%
Apr 16Investor Optimism Abounds Dongguan Chitwing Technology Co., Ltd. (SZSE:002855) But Growth Is Lacking
Feb 28Financial Position Analysis
Short Term Liabilities: 002855's short term assets (CN¥761.8M) do not cover its short term liabilities (CN¥983.2M).
Long Term Liabilities: 002855's short term assets (CN¥761.8M) exceed its long term liabilities (CN¥277.4M).
Debt to Equity History and Analysis
Debt Level: 002855's net debt to equity ratio (47.6%) is considered high.
Reducing Debt: 002855's debt to equity ratio has increased from 14.8% to 60.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 002855 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 002855 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.5% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 08:29 |
| End of Day Share Price | 2024/12/27 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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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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
Dongguan Chitwing Technology Co., Ltd. is covered by 1 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 |
|---|---|
| Shang Wen Cheng | Industrial Securities Co. Ltd. |