Changzheng Engineering TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Changzheng Engineering TechnologyLtd has a total shareholder equity of CN¥4.9B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are CN¥7.8B and CN¥2.9B respectively. Changzheng Engineering TechnologyLtd's EBIT is CN¥104.9M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥2.1B.
Key information
20.5%
Debt to equity ratio
CN¥1.01b
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥2.15b |
| Equity | CN¥4.93b |
| Total liabilities | CN¥2.90b |
| Total assets | CN¥7.83b |
Recent financial health updates
Recent updates
Changzheng Engineering Technology Co.,Ltd's (SHSE:603698) 31% Share Price Surge Not Quite Adding Up
Nov 18
Why Changzheng Engineering TechnologyLtd's (SHSE:603698) Earnings Are Weaker Than They Seem
Nov 05Changzheng Engineering TechnologyLtd (SHSE:603698) Has A Rock Solid Balance Sheet
Oct 23Why We're Not Concerned About Changzheng Engineering Technology Co.,Ltd's (SHSE:603698) Share Price
Sep 29Some Investors May Be Worried About Changzheng Engineering TechnologyLtd's (SHSE:603698) Returns On Capital
Aug 29Changzheng Engineering TechnologyLtd (SHSE:603698) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Apr 26Why Investors Shouldn't Be Surprised By Changzheng Engineering Technology Co.,Ltd's (SHSE:603698) P/E
Feb 29Financial Position Analysis
Short Term Liabilities: 603698's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603698's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 603698 has more cash than its total debt.
Reducing Debt: 603698's debt to equity ratio has increased from 0% to 20.5% over the past 5 years.
Debt Coverage: 603698's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603698 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 10:23 |
| 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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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
Changzheng Engineering Technology Co.,Ltd is covered by 4 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 |
|---|---|
| Guopeng Gu | Citic Securities Co., Ltd. |
| Jie Huang | Citic Securities Co., Ltd. |
| Dao Li Huang | Guosen Securities Co., Ltd. |