Shanghai Putailai New Energy Technology GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Putailai New Energy Technology GroupLtd has a total shareholder equity of CN¥21.0B and total debt of CN¥11.1B, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are CN¥46.0B and CN¥25.0B respectively. Shanghai Putailai New Energy Technology GroupLtd's EBIT is CN¥2.0B making its interest coverage ratio 95.3. It has cash and short-term investments of CN¥10.8B.
Key information
52.93%
Debt to equity ratio
CN¥11.12b
Debt
| Interest coverage ratio | 95.3x |
| Cash | CN¥10.77b |
| Equity | CN¥21.01b |
| Total liabilities | CN¥25.03b |
| Total assets | CN¥46.04b |
Recent financial health updates
These 4 Measures Indicate That Shanghai Putailai New Energy TechnologyLtd (SHSE:603659) Is Using Debt Extensively
Mar 28
Is Shanghai Putailai New Energy TechnologyLtd (SHSE:603659) Using Too Much Debt?
Nov 21Recent updates
These 4 Measures Indicate That Shanghai Putailai New Energy TechnologyLtd (SHSE:603659) Is Using Debt Extensively
Mar 28Not Many Are Piling Into Shanghai Putailai New Energy Technology Co.,Ltd. (SHSE:603659) Just Yet
Feb 06Be Wary Of Shanghai Putailai New Energy TechnologyLtd (SHSE:603659) And Its Returns On Capital
Jan 06Is Shanghai Putailai New Energy Technology Co.,Ltd. (SHSE:603659) Potentially Undervalued?
Dec 22Is Shanghai Putailai New Energy TechnologyLtd (SHSE:603659) Using Too Much Debt?
Nov 21Financial Position Analysis
Short Term Liabilities: 603659's short term assets (CN¥26.8B) exceed its short term liabilities (CN¥19.6B).
Long Term Liabilities: 603659's short term assets (CN¥26.8B) exceed its long term liabilities (CN¥5.4B).
Debt to Equity History and Analysis
Debt Level: 603659's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: 603659's debt to equity ratio has reduced from 64.7% to 52.9% over the past 5 years.
Debt Coverage: 603659's debt is well covered by operating cash flow (26.7%).
Interest Coverage: 603659's interest payments on its debt are well covered by EBIT (95.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/07 08:26 |
| End of Day Share Price | 2025/11/07 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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.
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 Github.
Analyst Sources
Shanghai Putailai New Energy Technology Group Co.,Ltd. is covered by 18 analysts. 10 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 |
|---|---|
| Edward Leung | BofA Global Research |
| Tao Zeng | China Galaxy Securities Co., Ltd. |
| Shuo Liu | China International Capital Corporation Limited |