Songcheng Performance Development Co.,Ltd

SZSE:300144 Stock Report

Market Cap: CN¥23.8b

Songcheng Performance DevelopmentLtd Balance Sheet Health

Financial Health criteria checks 5/6

Songcheng Performance DevelopmentLtd has a total shareholder equity of CN¥7.8B and total debt of CN¥143.1M, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are CN¥9.4B and CN¥1.6B respectively. Songcheng Performance DevelopmentLtd's EBIT is CN¥1.2B making its interest coverage ratio -24.4. It has cash and short-term investments of CN¥3.5B.

Key information

1.8%

Debt to equity ratio

CN¥143.08m

Debt

Interest coverage ratio-24.4x
CashCN¥3.45b
EquityCN¥7.81b
Total liabilitiesCN¥1.56b
Total assetsCN¥9.37b

Recent financial health updates

No updates

Recent updates

Returns On Capital At Songcheng Performance DevelopmentLtd (SZSE:300144) Have Stalled

Jun 06
Returns On Capital At Songcheng Performance DevelopmentLtd (SZSE:300144) Have Stalled

Songcheng Performance Development Co.,Ltd's (SZSE:300144) Intrinsic Value Is Potentially 29% Above Its Share Price

May 21
Songcheng Performance Development Co.,Ltd's (SZSE:300144) Intrinsic Value Is Potentially 29% Above Its Share Price

Songcheng Performance DevelopmentLtd's (SZSE:300144) Earnings Seem To Be Promising

May 02
Songcheng Performance DevelopmentLtd's (SZSE:300144) Earnings Seem To Be Promising

Should You Think About Buying Songcheng Performance Development Co.,Ltd (SZSE:300144) Now?

Apr 15
Should You Think About Buying Songcheng Performance Development Co.,Ltd (SZSE:300144) Now?

The Price Is Right For Songcheng Performance Development Co.,Ltd (SZSE:300144)

Mar 01
The Price Is Right For Songcheng Performance Development Co.,Ltd (SZSE:300144)

Financial Position Analysis

Short Term Liabilities: 300144's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥785.0M).

Long Term Liabilities: 300144's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥779.7M).


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 1.8% over the past 5 years.

Debt Coverage: 300144's debt is well covered by operating cash flow (1119%).

Interest Coverage: 300144 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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