Zhejiang Great Shengda PackagingLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Great Shengda PackagingLtd has a total shareholder equity of CN¥3.5B and total debt of CN¥19.8M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥4.4B and CN¥896.2M respectively. Zhejiang Great Shengda PackagingLtd's EBIT is CN¥136.5M making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥1.3B.
Key information
0.6%
Debt to equity ratio
CN¥19.82m
Debt
| Interest coverage ratio | -5.9x |
| Cash | CN¥1.32b |
| Equity | CN¥3.51b |
| Total liabilities | CN¥896.20m |
| Total assets | CN¥4.41b |
Recent financial health updates
Does Zhejiang Great Shengda PackagingLtd (SHSE:603687) Have A Healthy Balance Sheet?
Sep 27
Zhejiang Great Shengda PackagingLtd (SHSE:603687) Has A Pretty Healthy Balance Sheet
Feb 28Recent updates
Does Zhejiang Great Shengda PackagingLtd (SHSE:603687) Have A Healthy Balance Sheet?
Sep 27Zhejiang Great Shengda PackagingLtd's (SHSE:603687) Earnings Are Of Questionable Quality
Aug 27Here's What's Concerning About Zhejiang Great Shengda PackagingLtd's (SHSE:603687) Returns On Capital
Aug 14Some Confidence Is Lacking In Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) As Shares Slide 26%
May 28A Look At The Intrinsic Value Of Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687)
May 22Optimistic Investors Push Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) Shares Up 32% But Growth Is Lacking
Mar 08Zhejiang Great Shengda PackagingLtd (SHSE:603687) Has A Pretty Healthy Balance Sheet
Feb 28Financial Position Analysis
Short Term Liabilities: 603687's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥731.6M).
Long Term Liabilities: 603687's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥164.6M).
Debt to Equity History and Analysis
Debt Level: 603687 has more cash than its total debt.
Reducing Debt: 603687's debt to equity ratio has reduced from 7.6% to 0.6% over the past 5 years.
Debt Coverage: 603687's debt is well covered by operating cash flow (1551.1%).
Interest Coverage: 603687 earns more interest than it pays, so 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 | 2024/12/25 17:36 |
| 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
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 Great Shengda Packaging Co.,Ltd. is covered by 1 analysts. 1 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 |
|---|---|
| Sun-Hai Yang | Tianfeng Securities Brokerage Co., Ltd |