Shanghai Sunglow Packaging TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Sunglow Packaging TechnologyLtd has a total shareholder equity of CN¥841.4M and total debt of CN¥297.5M, which brings its debt-to-equity ratio to 35.4%. Its total assets and total liabilities are CN¥1.4B and CN¥600.2M respectively. Shanghai Sunglow Packaging TechnologyLtd's EBIT is CN¥54.1M making its interest coverage ratio 4.2. It has cash and short-term investments of CN¥107.0M.
Key information
35.4%
Debt to equity ratio
CN¥297.52m
Debt
| Interest coverage ratio | 4.2x |
| Cash | CN¥106.99m |
| Equity | CN¥841.40m |
| Total liabilities | CN¥600.20m |
| Total assets | CN¥1.44b |
Recent financial health updates
Here's Why Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499) Has A Meaningful Debt Burden
Oct 14
Does Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499) Have A Healthy Balance Sheet?
Mar 19Recent updates
Returns On Capital Are Showing Encouraging Signs At Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499)
Dec 02Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) Stock Rockets 33% As Investors Are Less Pessimistic Than Expected
Nov 11Here's Why Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499) Has A Meaningful Debt Burden
Oct 14Revenues Not Telling The Story For Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) After Shares Rise 49%
Sep 26Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499) Might Be Having Difficulty Using Its Capital Effectively
Aug 27Shanghai Sunglow Packaging Technology Co.,Ltd's (SHSE:603499) 29% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Jul 05Weak Statutory Earnings May Not Tell The Whole Story For Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499)
May 02Subdued Growth No Barrier To Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) With Shares Advancing 88%
Mar 30Does Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499) Have A Healthy Balance Sheet?
Mar 19Here's What's Concerning About Shanghai Sunglow Packaging TechnologyLtd's (SHSE:603499) Returns On Capital
Feb 28Financial Position Analysis
Short Term Liabilities: 603499's short term assets (CN¥542.9M) exceed its short term liabilities (CN¥422.8M).
Long Term Liabilities: 603499's short term assets (CN¥542.9M) exceed its long term liabilities (CN¥177.4M).
Debt to Equity History and Analysis
Debt Level: 603499's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: 603499's debt to equity ratio has increased from 0% to 35.4% over the past 5 years.
Debt Coverage: 603499's debt is well covered by operating cash flow (41.9%).
Interest Coverage: 603499's interest payments on its debt are well covered by EBIT (4.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 07:33 |
| 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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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
Shanghai Sunglow Packaging Technology Co.,Ltd is covered by 1 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 |
|---|---|
| Bairu Chen | China Galaxy Securities Co., Ltd. |