Shanghai Challenge TextileLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Challenge TextileLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥15.1M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are CN¥1.3B and CN¥216.2M respectively. Shanghai Challenge TextileLtd's EBIT is CN¥22.0M making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥346.9M.
Key information
1.4%
Debt to equity ratio
CN¥15.14m
Debt
| Interest coverage ratio | -3.6x |
| Cash | CN¥346.85m |
| Equity | CN¥1.06b |
| Total liabilities | CN¥216.25m |
| Total assets | CN¥1.27b |
Recent financial health updates
No updates
Recent updates
Shanghai Challenge TextileLtd (SZSE:002486) Is Doing The Right Things To Multiply Its Share Price
Dec 29
What Shanghai Challenge Textile Co.,Ltd.'s (SZSE:002486) 26% Share Price Gain Is Not Telling You
Dec 02Weak Statutory Earnings May Not Tell The Whole Story For Shanghai Challenge TextileLtd (SZSE:002486)
Nov 06Shanghai Challenge Textile Co.,Ltd.'s (SZSE:002486) 29% Share Price Surge Not Quite Adding Up
Sep 24Shanghai Challenge TextileLtd (SZSE:002486) Is Experiencing Growth In Returns On Capital
Aug 01Shanghai Challenge Textile Co.,Ltd.'s (SZSE:002486) 31% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
Jun 07Shanghai Challenge TextileLtd's (SZSE:002486) Returns On Capital Are Heading Higher
Feb 27Financial Position Analysis
Short Term Liabilities: 002486's short term assets (CN¥778.6M) exceed its short term liabilities (CN¥190.2M).
Long Term Liabilities: 002486's short term assets (CN¥778.6M) exceed its long term liabilities (CN¥26.0M).
Debt to Equity History and Analysis
Debt Level: 002486 has more cash than its total debt.
Reducing Debt: 002486's debt to equity ratio has reduced from 1.6% to 1.4% over the past 5 years.
Debt Coverage: 002486's debt is well covered by operating cash flow (629.7%).
Interest Coverage: 002486 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 | 2025/02/07 09:04 |
| End of Day Share Price | 2025/02/07 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.
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 Github.
Analyst Sources
Shanghai Challenge Textile Co.,Ltd. is covered by 8 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 |
|---|---|
| Yu Lei | Changjiang Securities Co. LTD. |
| Wei Wang | China Merchants Securities Co. Ltd. |
| Xinghai Ju | Citic Securities Co., Ltd. |