Guangdong Songfa CeramicsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Guangdong Songfa CeramicsLtd has a total shareholder equity of CN¥14.9M and total debt of CN¥448.4M, which brings its debt-to-equity ratio to 3009.4%. Its total assets and total liabilities are CN¥549.0M and CN¥534.1M respectively.
Key information
3,009.4%
Debt to equity ratio
CN¥448.38m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥4.04m |
| Equity | CN¥14.90m |
| Total liabilities | CN¥534.14m |
| Total assets | CN¥549.04m |
Recent financial health updates
No updates
Recent updates
Revenues Not Telling The Story For Guangdong Songfa Ceramics Co.,Ltd. (SHSE:603268) After Shares Rise 37%
Oct 21
Some Confidence Is Lacking In Guangdong Songfa Ceramics Co.,Ltd.'s (SHSE:603268) P/S
Jul 25Guangdong Songfa Ceramics Co.,Ltd. (SHSE:603268) Shares May Have Slumped 30% But Getting In Cheap Is Still Unlikely
Apr 16Pinning Down Guangdong Songfa Ceramics Co.,Ltd.'s (SHSE:603268) P/S Is Difficult Right Now
Feb 28Financial Position Analysis
Short Term Liabilities: 603268's short term assets (CN¥291.2M) do not cover its short term liabilities (CN¥506.5M).
Long Term Liabilities: 603268's short term assets (CN¥291.2M) exceed its long term liabilities (CN¥27.6M).
Debt to Equity History and Analysis
Debt Level: 603268's net debt to equity ratio (2982.3%) is considered high.
Reducing Debt: 603268's debt to equity ratio has increased from 43.8% to 3009.4% 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: 603268 has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 603268 is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 18:08 |
| End of Day Share Price | 2024/12/27 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
Guangdong Songfa Ceramics Co.,Ltd. is covered by 4 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 |
|---|---|
| Kai Zheng | China Merchants Securities Co. Ltd. |
| Hao Jiang | Everbright Securities Co. Ltd. |
| Yu Feng Chen | Huatai Research |