China Testing & Certification International GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
China Testing & Certification International GroupLtd has a total shareholder equity of CN¥2.5B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 60.1%. Its total assets and total liabilities are CN¥5.2B and CN¥2.6B respectively. China Testing & Certification International GroupLtd's EBIT is CN¥399.8M making its interest coverage ratio 9.6. It has cash and short-term investments of CN¥234.4M.
Key information
60.1%
Debt to equity ratio
CN¥1.51b
Debt
| Interest coverage ratio | 9.6x |
| Cash | CN¥234.38m |
| Equity | CN¥2.51b |
| Total liabilities | CN¥2.65b |
| Total assets | CN¥5.16b |
Recent financial health updates
Is China Testing & Certification International GroupLtd (SHSE:603060) A Risky Investment?
Sep 27
Does China Testing & Certification International GroupLtd (SHSE:603060) Have A Healthy Balance Sheet?
Jun 07Recent updates
We Think That There Are Some Issues For China Testing & Certification International GroupLtd (SHSE:603060) Beyond Its Promising Earnings
Nov 06Is China Testing & Certification International GroupLtd (SHSE:603060) A Risky Investment?
Sep 27Does China Testing & Certification International GroupLtd (SHSE:603060) Have A Healthy Balance Sheet?
Jun 07Concerns Surrounding China Testing & Certification International GroupLtd's (SHSE:603060) Performance
May 07Earnings Miss: China Testing & Certification International Group Co.,Ltd. Missed EPS And Analysts Are Revising Their Forecasts
May 02Financial Position Analysis
Short Term Liabilities: 603060's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 603060's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥712.6M).
Debt to Equity History and Analysis
Debt Level: 603060's net debt to equity ratio (50.8%) is considered high.
Reducing Debt: 603060's debt to equity ratio has increased from 0% to 60.1% over the past 5 years.
Debt Coverage: 603060's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: 603060's interest payments on its debt are well covered by EBIT (9.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 12:17 |
| End of Day Share Price | 2024/12/20 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
China Testing & Certification International Group Co.,Ltd. is covered by 9 analysts. 4 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 |
|---|---|
| Ke Xu | Changjiang Securities Co. LTD. |
| Aobo Zhan | China International Capital Corporation Limited |
| Mingxin Sun | Citic Securities Co., Ltd. |