Zhejiang Weixing Industrial Development Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Weixing Industrial Development has a total shareholder equity of CN¥4.3B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are CN¥6.6B and CN¥2.3B respectively. Zhejiang Weixing Industrial Development's EBIT is CN¥787.3M making its interest coverage ratio -59.7. It has cash and short-term investments of CN¥1.5B.
Key information
30.1%
Debt to equity ratio
CN¥1.30b
Debt
| Interest coverage ratio | -59.7x |
| Cash | CN¥1.48b |
| Equity | CN¥4.31b |
| Total liabilities | CN¥2.27b |
| Total assets | CN¥6.58b |
Recent financial health updates
Does Zhejiang Weixing Industrial Development (SZSE:002003) Have A Healthy Balance Sheet?
Dec 19
Does Zhejiang Weixing Industrial Development (SZSE:002003) Have A Healthy Balance Sheet?
Sep 10Recent updates
Does Zhejiang Weixing Industrial Development (SZSE:002003) Have A Healthy Balance Sheet?
Dec 19Do Zhejiang Weixing Industrial Development's (SZSE:002003) Earnings Warrant Your Attention?
Nov 14Returns On Capital At Zhejiang Weixing Industrial Development (SZSE:002003) Have Stalled
Sep 30Does Zhejiang Weixing Industrial Development (SZSE:002003) Have A Healthy Balance Sheet?
Sep 10Zhejiang Weixing Industrial Development Co., Ltd. Beat Revenue Forecasts By 15%: Here's What Analysts Are Forecasting Next
Aug 15There Is A Reason Zhejiang Weixing Industrial Development Co., Ltd.'s (SZSE:002003) Price Is Undemanding
Aug 14If EPS Growth Is Important To You, Zhejiang Weixing Industrial Development (SZSE:002003) Presents An Opportunity
Jul 24Zhejiang Weixing Industrial Development (SZSE:002003) Is Increasing Its Dividend To CN¥0.45
May 21Zhejiang Weixing Industrial Development (SZSE:002003) Strong Profits May Be Masking Some Underlying Issues
Apr 25Zhejiang Weixing Industrial Development (SZSE:002003) Has Some Way To Go To Become A Multi-Bagger
Apr 18Financial Position Analysis
Short Term Liabilities: 002003's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 002003's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥225.7M).
Debt to Equity History and Analysis
Debt Level: 002003 has more cash than its total debt.
Reducing Debt: 002003's debt to equity ratio has increased from 17.3% to 30.1% over the past 5 years.
Debt Coverage: 002003's debt is well covered by operating cash flow (73%).
Interest Coverage: 002003 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 10:34 |
| End of Day Share Price | 2024/12/26 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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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 Weixing Industrial Development Co., Ltd. is covered by 25 analysts. 8 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 |
|---|---|
| Yu Lei | Changjiang Securities Co. LTD. |
| Jian Jun Zou | Chasing Securities |
| Jichuan Lin | China International Capital Corporation Limited |