Zhejiang Cayi Vacuum Container Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Cayi Vacuum Container has a total shareholder equity of CN¥1.7B and total debt of CN¥77.9M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are CN¥2.3B and CN¥598.6M respectively. Zhejiang Cayi Vacuum Container's EBIT is CN¥764.1M making its interest coverage ratio -26.7. It has cash and short-term investments of CN¥631.3M.
Key information
4.6%
Debt to equity ratio
CN¥77.92m
Debt
| Interest coverage ratio | -26.7x |
| Cash | CN¥631.35m |
| Equity | CN¥1.68b |
| Total liabilities | CN¥598.56m |
| Total assets | CN¥2.28b |
Recent financial health updates
Recent updates
Zhejiang Cayi Vacuum Container's (SZSE:301004) Earnings Are Of Questionable Quality
Nov 05
Zhejiang Cayi Vacuum Container Co., Ltd. (SZSE:301004) Stock Catapults 39% Though Its Price And Business Still Lag The Market
Oct 24Returns On Capital Are A Standout For Zhejiang Cayi Vacuum Container (SZSE:301004)
Oct 07Is Zhejiang Cayi Vacuum Container (SZSE:301004) Using Too Much Debt?
Jul 22Should You Be Adding Zhejiang Cayi Vacuum Container (SZSE:301004) To Your Watchlist Today?
Jul 03Zhejiang Cayi Vacuum Container (SZSE:301004) Could Become A Multi-Bagger
May 21Zhejiang Cayi Vacuum Container's (SZSE:301004) Solid Profits Have Weak Fundamentals
Apr 05The Market Lifts Zhejiang Cayi Vacuum Container Co., Ltd. (SZSE:301004) Shares 33% But It Can Do More
Apr 02Financial Position Analysis
Short Term Liabilities: 301004's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥589.0M).
Long Term Liabilities: 301004's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥9.5M).
Debt to Equity History and Analysis
Debt Level: 301004 has more cash than its total debt.
Reducing Debt: 301004's debt to equity ratio has increased from 0.2% to 4.6% over the past 5 years.
Debt Coverage: 301004's debt is well covered by operating cash flow (735.3%).
Interest Coverage: 301004 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 | 2024/12/26 02:08 |
| 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 |
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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
Zhejiang Cayi Vacuum Container Co., Ltd. is covered by 6 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 |
|---|---|
| Zhong Ping Zhao | China Merchants Securities Co. Ltd. |
| Chongguang Feng | Citic Securities Co., Ltd. |
| Zhangxiang Fan | Tianfeng Securities Brokerage Co., Ltd |