Changchun Zhiyuan New Energy Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Changchun Zhiyuan New Energy Equipment has a total shareholder equity of CN¥1.2B and total debt of CN¥670.4M, which brings its debt-to-equity ratio to 54.9%. Its total assets and total liabilities are CN¥2.6B and CN¥1.3B respectively. Changchun Zhiyuan New Energy Equipment's EBIT is CN¥171.2M making its interest coverage ratio 3.9. It has cash and short-term investments of CN¥108.1M.
Key information
54.9%
Debt to equity ratio
CN¥670.37m
Debt
| Interest coverage ratio | 3.9x |
| Cash | CN¥108.10m |
| Equity | CN¥1.22b |
| Total liabilities | CN¥1.33b |
| Total assets | CN¥2.55b |
Recent financial health updates
No updates
Recent updates
Changchun Zhiyuan New Energy Equipment's (SZSE:300985) Solid Profits Have Weak Fundamentals
Nov 06
A Piece Of The Puzzle Missing From Changchun Zhiyuan New Energy Equipment Co., Ltd's (SZSE:300985) 48% Share Price Climb
Oct 09There Are Reasons To Feel Uneasy About Changchun Zhiyuan New Energy Equipment's (SZSE:300985) Returns On Capital
Sep 28Changchun Zhiyuan New Energy Equipment Co., Ltd's (SZSE:300985) Shares Lagging The Industry But So Is The Business
Jun 07There May Be Underlying Issues With The Quality Of Changchun Zhiyuan New Energy Equipment's (SZSE:300985) Earnings
May 01Changchun Zhiyuan New Energy Equipment Co., Ltd (SZSE:300985) Investors Are Less Pessimistic Than Expected
Feb 26Financial Position Analysis
Short Term Liabilities: 300985's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥884.2M).
Long Term Liabilities: 300985's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥446.0M).
Debt to Equity History and Analysis
Debt Level: 300985's net debt to equity ratio (46.1%) is considered high.
Reducing Debt: 300985's debt to equity ratio has reduced from 82.4% to 54.9% over the past 5 years.
Debt Coverage: 300985's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300985's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 19:35 |
| End of Day Share Price | 2025/01/08 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
Changchun Zhiyuan New Energy Equipment 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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