Zhejiang TaitanLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang TaitanLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥302.3M, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are CN¥3.1B and CN¥1.7B respectively. Zhejiang TaitanLtd's EBIT is CN¥83.8M making its interest coverage ratio -13.7. It has cash and short-term investments of CN¥1.1B.
Key information
21.0%
Debt to equity ratio
CN¥302.31m
Debt
| Interest coverage ratio | -13.7x |
| Cash | CN¥1.14b |
| Equity | CN¥1.44b |
| Total liabilities | CN¥1.68b |
| Total assets | CN¥3.12b |
Recent financial health updates
No updates
Recent updates
Zhejiang Taitan Co.,Ltd.'s (SZSE:003036) Shares Bounce 28% But Its Business Still Trails The Market
Nov 21
Zhejiang TaitanLtd's (SZSE:003036) Upcoming Dividend Will Be Larger Than Last Year's
May 21We Like The Quality Of Zhejiang TaitanLtd's (SZSE:003036) Earnings
Apr 23Be Wary Of Zhejiang TaitanLtd (SZSE:003036) And Its Returns On Capital
Apr 16Zhejiang Taitan Co.,Ltd. (SZSE:003036) Surges 38% Yet Its Low P/E Is No Reason For Excitement
Mar 08Financial Position Analysis
Short Term Liabilities: 003036's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 003036's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥378.6M).
Debt to Equity History and Analysis
Debt Level: 003036 has more cash than its total debt.
Reducing Debt: 003036's debt to equity ratio has increased from 0% to 21% over the past 5 years.
Debt Coverage: 003036's debt is well covered by operating cash flow (30.1%).
Interest Coverage: 003036 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 | 2024/12/26 09:57 |
| End of Day Share Price | 2024/12/26 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
Zhejiang Taitan Co.,Ltd. is covered by 0 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 |
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