Songcheng Performance DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 5/6
Songcheng Performance DevelopmentLtd has a total shareholder equity of CN¥8.4B and total debt of CN¥129.1M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥9.8B and CN¥1.4B respectively. Songcheng Performance DevelopmentLtd's EBIT is CN¥1.2B making its interest coverage ratio -13. It has cash and short-term investments of CN¥4.0B.
Key information
1.5%
Debt to equity ratio
CN¥129.12m
Debt
| Interest coverage ratio | -13x |
| Cash | CN¥3.97b |
| Equity | CN¥8.36b |
| Total liabilities | CN¥1.45b |
| Total assets | CN¥9.80b |
Recent financial health updates
Recent updates
Songcheng Performance Development Co.,Ltd (SZSE:300144) Shares Could Be 34% Below Their Intrinsic Value Estimate
Nov 29
There May Be Reason For Hope In Songcheng Performance DevelopmentLtd's (SZSE:300144) Disappointing Earnings
Nov 02Investors Met With Slowing Returns on Capital At Songcheng Performance DevelopmentLtd (SZSE:300144)
Oct 09Songcheng Performance Development Co.,Ltd's (SZSE:300144) Price Is Out Of Tune With Revenues
Sep 15Is Songcheng Performance DevelopmentLtd (SZSE:300144) A Risky Investment?
Aug 23Songcheng Performance DevelopmentLtd (SZSE:300144) Is Increasing Its Dividend To CN¥0.10
Jun 20Returns On Capital At Songcheng Performance DevelopmentLtd (SZSE:300144) Have Stalled
Jun 06Songcheng Performance Development Co.,Ltd's (SZSE:300144) Intrinsic Value Is Potentially 29% Above Its Share Price
May 21Songcheng Performance DevelopmentLtd's (SZSE:300144) Earnings Seem To Be Promising
May 02Should You Think About Buying Songcheng Performance Development Co.,Ltd (SZSE:300144) Now?
Apr 15The Price Is Right For Songcheng Performance Development Co.,Ltd (SZSE:300144)
Mar 01Financial Position Analysis
Short Term Liabilities: 300144's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥700.7M).
Long Term Liabilities: 300144's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥746.6M).
Debt to Equity History and Analysis
Debt Level: 300144 has more cash than its total debt.
Reducing Debt: 300144's debt to equity ratio has increased from 0% to 1.5% over the past 5 years.
Debt Coverage: 300144's debt is well covered by operating cash flow (1160.7%).
Interest Coverage: 300144 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 | 2024/12/19 05:27 |
| End of Day Share Price | 2024/12/19 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 |
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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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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
Songcheng Performance Development Co.,Ltd is covered by 37 analysts. 15 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 |
|---|---|
| Alfred Lau | BOCOM International Securities Limited |
| Ronald Leung | BofA Global Research |
| Shanshan Chen | Central China Securities Co., Ltd. |