Zhejiang Changsheng Sliding Bearings Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Changsheng Sliding Bearings has a total shareholder equity of CN¥1.7B and total debt of CN¥113.2M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are CN¥2.0B and CN¥293.1M respectively. Zhejiang Changsheng Sliding Bearings's EBIT is CN¥243.5M making its interest coverage ratio -18.8. It has cash and short-term investments of CN¥409.3M.
Key information
6.6%
Debt to equity ratio
CN¥113.18m
Debt
| Interest coverage ratio | -18.8x |
| Cash | CN¥409.30m |
| Equity | CN¥1.71b |
| Total liabilities | CN¥293.12m |
| Total assets | CN¥2.00b |
Recent financial health updates
Zhejiang Changsheng Sliding Bearings (SZSE:300718) Could Easily Take On More Debt
Nov 28
Does Zhejiang Changsheng Sliding Bearings (SZSE:300718) Have A Healthy Balance Sheet?
May 21Recent updates
Improved Earnings Required Before Zhejiang Changsheng Sliding Bearings Co., Ltd. (SZSE:300718) Stock's 25% Jump Looks Justified
Dec 24Returns On Capital Are Showing Encouraging Signs At Zhejiang Changsheng Sliding Bearings (SZSE:300718)
Dec 18Zhejiang Changsheng Sliding Bearings (SZSE:300718) Could Easily Take On More Debt
Nov 28Zhejiang Changsheng Sliding Bearings Co., Ltd.'s (SZSE:300718) Shares Leap 40% Yet They're Still Not Telling The Full Story
Oct 08Zhejiang Changsheng Sliding Bearings Co., Ltd. (SZSE:300718) Held Back By Insufficient Growth Even After Shares Climb 31%
Aug 21Does Zhejiang Changsheng Sliding Bearings (SZSE:300718) Have A Healthy Balance Sheet?
May 21Market Might Still Lack Some Conviction On Zhejiang Changsheng Sliding Bearings Co., Ltd. (SZSE:300718) Even After 28% Share Price Boost
Mar 07Financial Position Analysis
Short Term Liabilities: 300718's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥263.0M).
Long Term Liabilities: 300718's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥30.1M).
Debt to Equity History and Analysis
Debt Level: 300718 has more cash than its total debt.
Reducing Debt: 300718's debt to equity ratio has increased from 0% to 6.6% over the past 5 years.
Debt Coverage: 300718's debt is well covered by operating cash flow (229.5%).
Interest Coverage: 300718 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 19:08 |
| 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhejiang Changsheng Sliding Bearings Co., Ltd. is covered by 4 analysts. 2 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 |
|---|---|
| Weizhi Yuan | Chasing Securities |
| Jian Ding | China International Capital Corporation Limited |
| Lujing Li | Tianfeng Securities Brokerage Co., Ltd |