Zhejiang Weiming Environment Protection Co., Ltd.

SHSE:603568 Stock Report

Market Cap: CN¥33.5b

Zhejiang Weiming Environment Protection Balance Sheet Health

Financial Health criteria checks 4/6

Zhejiang Weiming Environment Protection has a total shareholder equity of CN¥14.3B and total debt of CN¥7.2B, which brings its debt-to-equity ratio to 50.5%. Its total assets and total liabilities are CN¥26.9B and CN¥12.6B respectively. Zhejiang Weiming Environment Protection's EBIT is CN¥3.1B making its interest coverage ratio 20. It has cash and short-term investments of CN¥2.4B.

Key information

50.5%

Debt to equity ratio

CN¥7.24b

Debt

Interest coverage ratio20x
CashCN¥2.40b
EquityCN¥14.34b
Total liabilitiesCN¥12.55b
Total assetsCN¥26.89b

Recent financial health updates

Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?

Oct 18
Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?

We Think Zhejiang Weiming Environment Protection (SHSE:603568) Can Stay On Top Of Its Debt

Jul 16
We Think Zhejiang Weiming Environment Protection (SHSE:603568) Can Stay On Top Of Its Debt

Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?

Mar 17
Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?

Recent updates

Zhejiang Weiming Environment Protection (SHSE:603568) Is Reinvesting At Lower Rates Of Return

Dec 17
Zhejiang Weiming Environment Protection (SHSE:603568) Is Reinvesting At Lower Rates Of Return

Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?

Oct 18
Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?

Zhejiang Weiming Environment Protection (SHSE:603568) Might Be Having Difficulty Using Its Capital Effectively

Aug 15
Zhejiang Weiming Environment Protection (SHSE:603568) Might Be Having Difficulty Using Its Capital Effectively

We Think Zhejiang Weiming Environment Protection (SHSE:603568) Can Stay On Top Of Its Debt

Jul 16
We Think Zhejiang Weiming Environment Protection (SHSE:603568) Can Stay On Top Of Its Debt

Should You Be Adding Zhejiang Weiming Environment Protection (SHSE:603568) To Your Watchlist Today?

Jun 28
Should You Be Adding Zhejiang Weiming Environment Protection (SHSE:603568) To Your Watchlist Today?

Be Wary Of Zhejiang Weiming Environment Protection (SHSE:603568) And Its Returns On Capital

Apr 21
Be Wary Of Zhejiang Weiming Environment Protection (SHSE:603568) And Its Returns On Capital

Market Cool On Zhejiang Weiming Environment Protection Co., Ltd.'s (SHSE:603568) Earnings

Apr 03
Market Cool On Zhejiang Weiming Environment Protection Co., Ltd.'s (SHSE:603568) Earnings

Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?

Mar 17
Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?

Financial Position Analysis

Short Term Liabilities: 603568's short term assets (CN¥7.4B) exceed its short term liabilities (CN¥3.7B).

Long Term Liabilities: 603568's short term assets (CN¥7.4B) do not cover its long term liabilities (CN¥8.8B).

Debt to Equity History and Analysis

Debt Level: 603568's net debt to equity ratio (33.8%) is considered satisfactory.

Reducing Debt: 603568's debt to equity ratio has increased from 23.7% to 50.5% over the past 5 years.

Debt Coverage: 603568's debt is well covered by operating cash flow (38.1%).

Interest Coverage: 603568's interest payments on its debt are well covered by EBIT (20x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/07 07:27
End of Day Share Price 2025/01/07 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 Weiming Environment Protection Co., Ltd. is covered by 9 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.

AnalystInstitution
Ke XuChangjiang Securities Co. LTD.
Chunyang ZhuChina Merchants Securities Co. Ltd.
Zhongshu YinEverbright Securities Co. Ltd.