Zhejiang Taihua New Material Group Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Taihua New Material Group has a total shareholder equity of CN¥4.9B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 90.4%. Its total assets and total liabilities are CN¥11.4B and CN¥6.5B respectively. Zhejiang Taihua New Material Group's EBIT is CN¥828.0M making its interest coverage ratio 6.8. It has cash and short-term investments of CN¥951.9M.
Key information
90.4%
Debt to equity ratio
CN¥4.43b
Debt
| Interest coverage ratio | 6.8x |
| Cash | CN¥951.86m |
| Equity | CN¥4.90b |
| Total liabilities | CN¥6.49b |
| Total assets | CN¥11.39b |
Recent financial health updates
These 4 Measures Indicate That Zhejiang Taihua New Material Group (SHSE:603055) Is Using Debt Extensively
Oct 11
Zhejiang Taihua New MaterialLtd (SHSE:603055) Has A Somewhat Strained Balance Sheet
May 13Recent updates
Zhejiang Taihua New Material Group Co., Ltd.'s (SHSE:603055) Price Is Right But Growth Is Lacking
Jan 02Zhejiang Taihua New Material Group Co., Ltd. (SHSE:603055) Shares Could Be 49% Below Their Intrinsic Value Estimate
Nov 18These 4 Measures Indicate That Zhejiang Taihua New Material Group (SHSE:603055) Is Using Debt Extensively
Oct 11We Think That There Are Issues Underlying Zhejiang Taihua New Material Group's (SHSE:603055) Earnings
Sep 02Do Zhejiang Taihua New Material Group's (SHSE:603055) Earnings Warrant Your Attention?
Aug 14Cautious Investors Not Rewarding Zhejiang Taihua New Material Group Co., Ltd.'s (SHSE:603055) Performance Completely
Jul 28Returns On Capital Signal Tricky Times Ahead For Zhejiang Taihua New Material Group (SHSE:603055)
Jul 12Zhejiang Taihua New MaterialLtd (SHSE:603055) Has A Somewhat Strained Balance Sheet
May 13Revenue Beat: Zhejiang Taihua New Material Co.,Ltd Exceeded Revenue Forecasts By 7.5% And Analysts Are Updating Their Estimates
Apr 12Many Still Looking Away From Zhejiang Taihua New Material Co.,Ltd (SHSE:603055)
Mar 24Financial Position Analysis
Short Term Liabilities: 603055's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 603055's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 603055's net debt to equity ratio (70.9%) is considered high.
Reducing Debt: 603055's debt to equity ratio has increased from 38.2% to 90.4% over the past 5 years.
Debt Coverage: 603055's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: 603055's interest payments on its debt are well covered by EBIT (6.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/07 04:58 |
| End of Day Share Price | 2025/01/07 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
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Analyst Sources
Zhejiang Taihua New Material Group Co., Ltd. is covered by 6 analysts. 5 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 |
|---|---|
| Chongguang Feng | Citic Securities Co., Ltd. |
| Shijie Ding | Guosen Securities Co., Ltd. |
| Huanyu Lin | Industrial Securities Co. Ltd. |