Tangshan Sanyou Chemical IndustriesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Tangshan Sanyou Chemical IndustriesLtd has a total shareholder equity of CN¥15.2B and total debt of CN¥5.1B, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are CN¥26.2B and CN¥10.9B respectively. Tangshan Sanyou Chemical IndustriesLtd's EBIT is CN¥1.4B making its interest coverage ratio 11. It has cash and short-term investments of CN¥3.2B.
Key information
33.5%
Debt to equity ratio
CN¥5.11b
Debt
| Interest coverage ratio | 11x |
| Cash | CN¥3.24b |
| Equity | CN¥15.24b |
| Total liabilities | CN¥10.91b |
| Total assets | CN¥26.15b |
Recent financial health updates
Recent updates
Is Tangshan Sanyou Chemical Industries Co.,Ltd (SHSE:600409) Worth CN¥5.9 Based On Its Intrinsic Value?
Dec 12
Tangshan Sanyou Chemical Industries Co.,Ltd's (SHSE:600409) Business And Shares Still Trailing The Market
Nov 27Is It Too Late To Consider Buying Tangshan Sanyou Chemical Industries Co.,Ltd (SHSE:600409)?
Oct 01Here's What To Make Of Tangshan Sanyou Chemical IndustriesLtd's (SHSE:600409) Decelerating Rates Of Return
Sep 16Tangshan Sanyou Chemical IndustriesLtd (SHSE:600409) Has A Pretty Healthy Balance Sheet
Aug 18Earnings Working Against Tangshan Sanyou Chemical Industries Co.,Ltd's (SHSE:600409) Share Price
Aug 03A Look At The Fair Value Of Tangshan Sanyou Chemical Industries Co.,Ltd (SHSE:600409)
Jul 20Investors Could Be Concerned With Tangshan Sanyou Chemical IndustriesLtd's (SHSE:600409) Returns On Capital
Jun 05At CN¥4.90, Is Tangshan Sanyou Chemical Industries Co.,Ltd (SHSE:600409) Worth Looking At Closely?
Mar 25Financial Position Analysis
Short Term Liabilities: 600409's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 600409's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥5.3B).
Debt to Equity History and Analysis
Debt Level: 600409's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: 600409's debt to equity ratio has reduced from 71.5% to 33.5% over the past 5 years.
Debt Coverage: 600409's debt is well covered by operating cash flow (34.6%).
Interest Coverage: 600409's interest payments on its debt are well covered by EBIT (11x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 02:43 |
| 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 |
| |
| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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
Tangshan Sanyou Chemical Industries Co.,Ltd is covered by 19 analysts. 4 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 |
|---|---|
| Tai Ma | Changjiang Securities Co. LTD. |
| Chen He | Chasing Securities |
| Ce Zhou | Chasing Securities |