Zhejiang Canaan Technology Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Canaan Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥462.0M, which brings its debt-to-equity ratio to 43.4%. Its total assets and total liabilities are CN¥2.6B and CN¥1.5B respectively.
Key information
43.4%
Debt to equity ratio
CN¥462.04m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥273.02m |
| Equity | CN¥1.06b |
| Total liabilities | CN¥1.53b |
| Total assets | CN¥2.59b |
Recent financial health updates
No updates
Recent updates
Zhejiang Canaan Technology Limited (SZSE:300412) Shares Fly 36% But Investors Aren't Buying For Growth
Dec 02
Zhejiang Canaan Technology Limited's (SZSE:300412) Price Is Right But Growth Is Lacking After Shares Rocket 30%
Oct 01Revenues Working Against Zhejiang Canaan Technology Limited's (SZSE:300412) Share Price Following 28% Dive
Jun 12Zhejiang Canaan Technology Limited (SZSE:300412) Surges 42% Yet Its Low P/S Is No Reason For Excitement
Mar 08Financial Position Analysis
Short Term Liabilities: 300412's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300412's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥169.0M).
Debt to Equity History and Analysis
Debt Level: 300412's net debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: 300412's debt to equity ratio has increased from 9% to 43.4% over the past 5 years.
Debt Coverage: 300412's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 300412's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 19:30 |
| End of Day Share Price | 2024/12/24 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
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Analyst Sources
Zhejiang Canaan Technology Limited is covered by 2 analysts. 0 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 |
|---|---|
| Xiao Bao Liu | Everbright Securities Co. Ltd. |
| Xiaolan Bai | Guotai Junan Securities |