Zhejiang Rongsheng Environmental Protection Paper Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Rongsheng Environmental Protection Paper has a total shareholder equity of CN¥2.3B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 78.1%. Its total assets and total liabilities are CN¥4.6B and CN¥2.3B respectively. Zhejiang Rongsheng Environmental Protection Paper's EBIT is CN¥276.1M making its interest coverage ratio 61. It has cash and short-term investments of CN¥2.6B.
Key information
78.1%
Debt to equity ratio
CN¥1.78b
Debt
| Interest coverage ratio | 61x |
| Cash | CN¥2.58b |
| Equity | CN¥2.28b |
| Total liabilities | CN¥2.32b |
| Total assets | CN¥4.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603165's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 603165's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥543.3M).
Debt to Equity History and Analysis
Debt Level: 603165 has more cash than its total debt.
Reducing Debt: 603165's debt to equity ratio has increased from 16.3% to 78.1% over the past 5 years.
Debt Coverage: 603165's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: 603165's interest payments on its debt are well covered by EBIT (61x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 11:18 |
| End of Day Share Price | 2024/12/27 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 Rongsheng Environmental Protection Paper Co., Ltd. is covered by 6 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 |
|---|---|
| null null | China International Capital Corporation Limited |
| Qing Gong | China International Capital Corporation Limited |
| Zhong Ping Zhao | China Merchants Securities Co. Ltd. |