SPIC Industry-Finance Holdings Balance Sheet Health
Financial Health criteria checks 6/6
SPIC Industry-Finance Holdings has a total shareholder equity of CN¥29.4B and total debt of CN¥10.2B, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are CN¥47.1B and CN¥17.8B respectively. SPIC Industry-Finance Holdings's EBIT is CN¥1.5B making its interest coverage ratio -3. It has cash and short-term investments of CN¥19.0B.
Key information
34.6%
Debt to equity ratio
CN¥10.16b
Debt
| Interest coverage ratio | -3x |
| Cash | CN¥18.98b |
| Equity | CN¥29.37b |
| Total liabilities | CN¥17.76b |
| Total assets | CN¥47.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000958's short term assets (CN¥27.0B) exceed its short term liabilities (CN¥7.4B).
Long Term Liabilities: 000958's short term assets (CN¥27.0B) exceed its long term liabilities (CN¥10.3B).
Debt to Equity History and Analysis
Debt Level: 000958 has more cash than its total debt.
Reducing Debt: 000958's debt to equity ratio has reduced from 189% to 34.6% over the past 5 years.
Debt Coverage: 000958's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 000958 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 | 2024/12/23 11:20 |
| End of Day Share Price | 2024/12/23 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
SPIC Industry-Finance Holdings Co., Ltd. is covered by 2 analysts. 1 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 |
|---|---|
| Haowu Chen | Everbright Securities Co. Ltd. |
| Xiujie Huang | Guosen Securities Co., Ltd. |