New Hope Dairy Balance Sheet Health
Financial Health criteria checks 2/6
New Hope Dairy has a total shareholder equity of CN¥3.1B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 111.2%. Its total assets and total liabilities are CN¥9.2B and CN¥6.1B respectively. New Hope Dairy's EBIT is CN¥793.4M making its interest coverage ratio 6.1. It has cash and short-term investments of CN¥585.5M.
Key information
111.2%
Debt to equity ratio
CN¥3.47b
Debt
| Interest coverage ratio | 6.1x |
| Cash | CN¥585.50m |
| Equity | CN¥3.12b |
| Total liabilities | CN¥6.12b |
| Total assets | CN¥9.23b |
Recent financial health updates
Does New Hope Dairy (SZSE:002946) Have A Healthy Balance Sheet?
Jul 03
These 4 Measures Indicate That New Hope Dairy (SZSE:002946) Is Using Debt Reasonably Well
Feb 27Recent updates
We Ran A Stock Scan For Earnings Growth And New Hope Dairy (SZSE:002946) Passed With Ease
Nov 14New Hope Dairy (SZSE:002946) Is Doing The Right Things To Multiply Its Share Price
Oct 10Market Still Lacking Some Conviction On New Hope Dairy Co., Ltd. (SZSE:002946)
Sep 24New Hope Dairy Co., Ltd. (SZSE:002946) Shares Could Be 45% Below Their Intrinsic Value Estimate
Aug 30Does New Hope Dairy (SZSE:002946) Have A Healthy Balance Sheet?
Jul 03New Hope Dairy Co., Ltd.'s (SZSE:002946) Earnings Are Not Doing Enough For Some Investors
Jun 11New Hope Dairy's (SZSE:002946) Solid Earnings Are Supported By Other Strong Factors
May 02The Returns At New Hope Dairy (SZSE:002946) Aren't Growing
Mar 17These 4 Measures Indicate That New Hope Dairy (SZSE:002946) Is Using Debt Reasonably Well
Feb 27Financial Position Analysis
Short Term Liabilities: 002946's short term assets (CN¥2.2B) do not cover its short term liabilities (CN¥3.9B).
Long Term Liabilities: 002946's short term assets (CN¥2.2B) do not cover its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 002946's net debt to equity ratio (92.4%) is considered high.
Reducing Debt: 002946's debt to equity ratio has increased from 104% to 111.2% over the past 5 years.
Debt Coverage: 002946's debt is well covered by operating cash flow (39.3%).
Interest Coverage: 002946's interest payments on its debt are well covered by EBIT (6.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 23:24 |
| 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
New Hope Dairy Co., Ltd. is covered by 8 analysts. 6 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 |
|---|---|
| Guangyi Liu | China Galaxy Securities Co., Ltd. |
| Wendan Wang | China International Capital Corporation Limited |
| Yuan Xue | Citic Securities Co., Ltd. |