Zhuzhou Times New Material Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhuzhou Times New Material Technology has a total shareholder equity of CN¥6.7B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are CN¥20.9B and CN¥14.2B respectively. Zhuzhou Times New Material Technology's EBIT is CN¥569.6M making its interest coverage ratio 27.6. It has cash and short-term investments of CN¥1.6B.
Key information
31.3%
Debt to equity ratio
CN¥2.11b
Debt
| Interest coverage ratio | 27.6x |
| Cash | CN¥1.62b |
| Equity | CN¥6.74b |
| Total liabilities | CN¥14.17b |
| Total assets | CN¥20.92b |
Recent financial health updates
Here's Why Zhuzhou Times New Material Technology (SHSE:600458) Can Manage Its Debt Responsibly
Nov 26
Does Zhuzhou Times New Material Technology (SHSE:600458) Have A Healthy Balance Sheet?
May 27Recent updates
A Look At The Intrinsic Value Of Zhuzhou Times New Material Technology Co., Ltd. (SHSE:600458)
Dec 12Here's Why Zhuzhou Times New Material Technology (SHSE:600458) Can Manage Its Debt Responsibly
Nov 26Zhuzhou Times New Material Technology's (SHSE:600458) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Nov 06Zhuzhou Times New Material Technology Co., Ltd.'s (SHSE:600458) Shares Leap 37% Yet They're Still Not Telling The Full Story
Oct 23Zhuzhou Times New Material Technology's (SHSE:600458) Returns On Capital Are Heading Higher
Oct 16Take Care Before Diving Into The Deep End On Zhuzhou Times New Material Technology Co., Ltd. (SHSE:600458)
Jul 18Zhuzhou Times New Material Technology (SHSE:600458) Is Experiencing Growth In Returns On Capital
Jun 25Does Zhuzhou Times New Material Technology (SHSE:600458) Have A Healthy Balance Sheet?
May 27Zhuzhou Times New Material Technology (SHSE:600458) Strong Profits May Be Masking Some Underlying Issues
May 06Estimating The Intrinsic Value Of Zhuzhou Times New Material Technology Co., Ltd. (SHSE:600458)
Apr 22Even With A 26% Surge, Cautious Investors Are Not Rewarding Zhuzhou Times New Material Technology Co., Ltd.'s (SHSE:600458) Performance Completely
Mar 21Financial Position Analysis
Short Term Liabilities: 600458's short term assets (CN¥14.3B) exceed its short term liabilities (CN¥12.1B).
Long Term Liabilities: 600458's short term assets (CN¥14.3B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 600458's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: 600458's debt to equity ratio has reduced from 56% to 31.3% over the past 5 years.
Debt Coverage: 600458's debt is well covered by operating cash flow (61%).
Interest Coverage: 600458's interest payments on its debt are well covered by EBIT (27.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 06:35 |
| End of Day Share Price | 2024/12/20 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
Zhuzhou Times New Material Technology Co., Ltd. is covered by 20 analysts. 3 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 |
|---|---|
| Quanzhi Lu | Avic Securities Co., Ltd |
| Xing LI | Changjiang Securities Co. LTD. |
| Liang Long | Chasing Securities |