Shenzhen Zhaowei Machinery & Electronics Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Zhaowei Machinery & Electronics has a total shareholder equity of CN¥3.2B and total debt of CN¥40.2M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥4.0B and CN¥801.6M respectively. Shenzhen Zhaowei Machinery & Electronics's EBIT is CN¥140.3M making its interest coverage ratio -2.1. It has cash and short-term investments of CN¥1.1B.
Key information
1.3%
Debt to equity ratio
CN¥40.24m
Debt
| Interest coverage ratio | -2.1x |
| Cash | CN¥1.07b |
| Equity | CN¥3.15b |
| Total liabilities | CN¥801.62m |
| Total assets | CN¥3.95b |
Recent financial health updates
Recent updates
There's Reason For Concern Over Shenzhen Zhaowei Machinery & Electronics Co., Ltd.'s (SZSE:003021) Massive 26% Price Jump
Dec 16
Shenzhen Zhaowei Machinery & Electronics (SZSE:003021) Strong Profits May Be Masking Some Underlying Issues
Nov 06What Shenzhen Zhaowei Machinery & Electronics Co., Ltd.'s (SZSE:003021) 34% Share Price Gain Is Not Telling You
Oct 18Investors Could Be Concerned With Shenzhen Zhaowei Machinery & Electronics' (SZSE:003021) Returns On Capital
Sep 26Is Shenzhen Zhaowei Machinery & Electronics (SZSE:003021) Using Too Much Debt?
Jul 03Shenzhen Zhaowei Machinery & Electronics (SZSE:003021) Is Reinvesting At Lower Rates Of Return
Jun 10Shenzhen Zhaowei Machinery & Electronics Co., Ltd. (SZSE:003021) Shares Slammed 27% But Getting In Cheap Might Be Difficult Regardless
Apr 16Impressive Earnings May Not Tell The Whole Story For Shenzhen Zhaowei Machinery & Electronics (SZSE:003021)
Apr 08Shenzhen Zhaowei Machinery & Electronics Co., Ltd.'s (SZSE:003021) Shareholders Might Be Looking For Exit
Feb 29Financial Position Analysis
Short Term Liabilities: 003021's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥713.8M).
Long Term Liabilities: 003021's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥87.9M).
Debt to Equity History and Analysis
Debt Level: 003021 has more cash than its total debt.
Reducing Debt: 003021's debt to equity ratio has reduced from 7% to 1.3% over the past 5 years.
Debt Coverage: 003021's debt is well covered by operating cash flow (513.3%).
Interest Coverage: 003021 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 07:21 |
| End of Day Share Price | 2024/12/24 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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Shenzhen Zhaowei Machinery & Electronics Co., Ltd. is covered by 7 analysts. 3 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 |
|---|---|
| Chen He | Chasing Securities |
| Fu Yang | Chasing Securities |
| Jian Ding | China International Capital Corporation Limited |