Zhejiang Sanmei Chemical IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Sanmei Chemical IndustryLtd has a total shareholder equity of CN¥6.3B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥7.0B and CN¥648.3M respectively. Zhejiang Sanmei Chemical IndustryLtd's EBIT is CN¥661.8M making its interest coverage ratio -44.6. It has cash and short-term investments of CN¥2.9B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -44.6x |
| Cash | CN¥2.93b |
| Equity | CN¥6.35b |
| Total liabilities | CN¥648.26m |
| Total assets | CN¥7.00b |
Recent financial health updates
No updates
Recent updates
Zhejiang Sanmei Chemical Industry Co.,Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Nov 02
Investors Appear Satisfied With Zhejiang Sanmei Chemical Industry Co.,Ltd.'s (SHSE:603379) Prospects As Shares Rocket 36%
Oct 07Zhejiang Sanmei Chemical IndustryLtd (SHSE:603379) Will Want To Turn Around Its Return Trends
Sep 26We Think That There Are Some Issues For Zhejiang Sanmei Chemical IndustryLtd (SHSE:603379) Beyond Its Promising Earnings
Sep 03Is Now The Time To Put Zhejiang Sanmei Chemical IndustryLtd (SHSE:603379) On Your Watchlist?
Jun 26Why Investors Shouldn't Be Surprised By Zhejiang Sanmei Chemical Industry Co.,Ltd.'s (SHSE:603379) P/E
Jun 09Zhejiang Sanmei Chemical IndustryLtd (SHSE:603379) Is Reinvesting At Lower Rates Of Return
May 21Zhejiang Sanmei Chemical Industry Co.,Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
May 01Zhejiang Sanmei Chemical Industry Co.,Ltd. (SHSE:603379) Stock Rockets 39% As Investors Are Less Pessimistic Than Expected
Feb 27Financial Position Analysis
Short Term Liabilities: 603379's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥633.7M).
Long Term Liabilities: 603379's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥14.5M).
Debt to Equity History and Analysis
Debt Level: 603379 is debt free.
Reducing Debt: 603379 had no debt 5 years ago.
Debt Coverage: 603379 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 603379 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 22:18 |
| End of Day Share Price | 2024/12/31 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
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
Zhejiang Sanmei Chemical Industry Co.,Ltd. is covered by 6 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 |
|---|---|
| Vivien Zheng | Credit Suisse |
| Lin Yang | Guosen Securities Co., Ltd. |
| Wei Liu | Haitong International Research Limited |