Shanghai Yongguan Adhesive Products Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai Yongguan Adhesive Products has a total shareholder equity of CN¥2.5B and total debt of CN¥3.2B, which brings its debt-to-equity ratio to 125.2%. Its total assets and total liabilities are CN¥6.6B and CN¥4.1B respectively. Shanghai Yongguan Adhesive Products's EBIT is CN¥126.7M making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥1.2B.
Key information
125.2%
Debt to equity ratio
CN¥3.15b
Debt
| Interest coverage ratio | 2.9x |
| Cash | CN¥1.22b |
| Equity | CN¥2.52b |
| Total liabilities | CN¥4.08b |
| Total assets | CN¥6.59b |
Recent financial health updates
No updates
Recent updates
Investors Shouldn't Be Too Comfortable With Shanghai Yongguan Adhesive Products' (SHSE:603681) Earnings
Nov 05
Why Investors Shouldn't Be Surprised By Shanghai Yongguan Adhesive Products Corp., Ltd.'s (SHSE:603681) Low P/E
Sep 29We Like The Quality Of Shanghai Yongguan Adhesive Products' (SHSE:603681) Earnings
May 06Shanghai Yongguan Adhesive Products Corp., Ltd.'s (SHSE:603681) Revenues Are Not Doing Enough For Some Investors
Feb 28Financial Position Analysis
Short Term Liabilities: 603681's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 603681's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 603681's net debt to equity ratio (76.7%) is considered high.
Reducing Debt: 603681's debt to equity ratio has increased from 10.3% to 125.2% over the past 5 years.
Debt Coverage: 603681's debt is not well covered by operating cash flow (9.8%).
Interest Coverage: 603681's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 18:18 |
| End of Day Share Price | 2024/12/25 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
Shanghai Yongguan Adhesive Products Corp., Ltd. is covered by 4 analysts. 2 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 |
|---|---|
| Jiancong Yuan | Citic Securities Co., Ltd. |
| Weichen Wu | Citic Securities Co., Ltd. |
| Wei Liu | Haitong International Research Limited |