Kingclean ElectricLtd Balance Sheet Health
Financial Health criteria checks 5/6
Kingclean ElectricLtd has a total shareholder equity of CN¥5.4B and total debt of CN¥5.1B, which brings its debt-to-equity ratio to 93.8%. Its total assets and total liabilities are CN¥13.3B and CN¥7.9B respectively. Kingclean ElectricLtd's EBIT is CN¥994.4M making its interest coverage ratio -6.2. It has cash and short-term investments of CN¥5.9B.
Key information
93.8%
Debt to equity ratio
CN¥5.11b
Debt
| Interest coverage ratio | -6.2x |
| Cash | CN¥5.94b |
| Equity | CN¥5.45b |
| Total liabilities | CN¥7.87b |
| Total assets | CN¥13.32b |
Recent financial health updates
Is Kingclean ElectricLtd (SHSE:603355) A Risky Investment?
Sep 20
We Think Kingclean ElectricLtd (SHSE:603355) Can Manage Its Debt With Ease
May 22Recent updates
The Market Doesn't Like What It Sees From Kingclean Electric Co.,Ltd's (SHSE:603355) Earnings Yet
Nov 22Solid Earnings May Not Tell The Whole Story For Kingclean ElectricLtd (SHSE:603355)
Nov 06Estimating The Intrinsic Value Of Kingclean Electric Co.,Ltd (SHSE:603355)
Oct 29Returns At Kingclean ElectricLtd (SHSE:603355) Appear To Be Weighed Down
Oct 09Is Kingclean ElectricLtd (SHSE:603355) A Risky Investment?
Sep 20The Market Doesn't Like What It Sees From Kingclean Electric Co.,Ltd's (SHSE:603355) Earnings Yet
Jul 12Kingclean ElectricLtd (SHSE:603355) Has More To Do To Multiply In Value Going Forward
Jun 07We Think Kingclean ElectricLtd (SHSE:603355) Can Manage Its Debt With Ease
May 22We Think That There Are Issues Underlying Kingclean ElectricLtd's (SHSE:603355) Earnings
May 07Kingclean Electric Co.,Ltd's (SHSE:603355) Price Is Right But Growth Is Lacking After Shares Rocket 28%
Mar 06Financial Position Analysis
Short Term Liabilities: 603355's short term assets (CN¥10.3B) exceed its short term liabilities (CN¥5.9B).
Long Term Liabilities: 603355's short term assets (CN¥10.3B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 603355 has more cash than its total debt.
Reducing Debt: 603355's debt to equity ratio has increased from 0% to 93.8% over the past 5 years.
Debt Coverage: 603355's debt is well covered by operating cash flow (22.8%).
Interest Coverage: 603355 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 21:08 |
| 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
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
Kingclean Electric Co.,Ltd is covered by 8 analysts. 3 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 |
|---|---|
| Chun Xu | Changjiang Securities Co. LTD. |
| Chen He | Chasing Securities |
| Wei He | China International Capital Corporation Limited |