Zhejiang Tuna Environmental Science & TechnologyCo.Ltd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Tuna Environmental Science & TechnologyCo.Ltd has a total shareholder equity of CN¥407.6M and total debt of CN¥784.8M, which brings its debt-to-equity ratio to 192.5%. Its total assets and total liabilities are CN¥1.8B and CN¥1.4B respectively. Zhejiang Tuna Environmental Science & TechnologyCo.Ltd's EBIT is CN¥23.3M making its interest coverage ratio 0.8. It has cash and short-term investments of CN¥143.9M.
Key information
192.5%
Debt to equity ratio
CN¥784.78m
Debt
| Interest coverage ratio | 0.8x |
| Cash | CN¥143.86m |
| Equity | CN¥407.63m |
| Total liabilities | CN¥1.36b |
| Total assets | CN¥1.77b |
Recent financial health updates
No updates
Recent updates
Zhejiang Tuna Environmental Science & TechnologyCo.Ltd (SHSE:603177) Will Want To Turn Around Its Return Trends
Oct 29
Zhejiang Tuna Environmental Science & TechnologyCo.,Ltd.'s (SHSE:603177) Business Is Trailing The Industry But Its Shares Aren't
Sep 29Lacklustre Performance Is Driving Zhejiang Tuna Environmental Science & TechnologyCo.,Ltd.'s (SHSE:603177) 26% Price Drop
Jun 30There Are Reasons To Feel Uneasy About Zhejiang Tuna Environmental Science & TechnologyCo.Ltd's (SHSE:603177) Returns On Capital
Apr 04Zhejiang Tuna Environmental Science & TechnologyCo.,Ltd. (SHSE:603177) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
Mar 08Financial Position Analysis
Short Term Liabilities: 603177's short term assets (CN¥980.6M) do not cover its short term liabilities (CN¥1.0B).
Long Term Liabilities: 603177's short term assets (CN¥980.6M) exceed its long term liabilities (CN¥310.8M).
Debt to Equity History and Analysis
Debt Level: 603177's net debt to equity ratio (157.2%) is considered high.
Reducing Debt: 603177's debt to equity ratio has increased from 52.1% to 192.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 603177 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 603177 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.7% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/15 10:35 |
| End of Day Share Price | 2025/01/15 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 Tuna Environmental Science & TechnologyCo.,Ltd. is covered by 1 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 |
|---|---|
| Yang Wang | Industrial Securities Co. Ltd. |