Guangdong Tianan New Material Balance Sheet Health
Financial Health criteria checks 2/6
Guangdong Tianan New Material has a total shareholder equity of CN¥877.2M and total debt of CN¥939.6M, which brings its debt-to-equity ratio to 107.1%. Its total assets and total liabilities are CN¥2.9B and CN¥2.0B respectively. Guangdong Tianan New Material's EBIT is CN¥142.0M making its interest coverage ratio 9.9. It has cash and short-term investments of CN¥374.2M.
Key information
107.1%
Debt to equity ratio
CN¥939.60m
Debt
| Interest coverage ratio | 9.9x |
| Cash | CN¥374.15m |
| Equity | CN¥877.24m |
| Total liabilities | CN¥2.01b |
| Total assets | CN¥2.89b |
Financial Position Analysis
Short Term Liabilities: 603725's short term assets (CN¥1.6B) do not cover its short term liabilities (CN¥1.6B).
Long Term Liabilities: 603725's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥368.4M).
Debt to Equity History and Analysis
Debt Level: 603725's net debt to equity ratio (64.5%) is considered high.
Reducing Debt: 603725's debt to equity ratio has increased from 37.3% to 107.1% over the past 5 years.
Debt Coverage: 603725's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: 603725's interest payments on its debt are well covered by EBIT (9.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 22:10 |
| 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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Industry and Sector Metrics
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Analyst Sources
Guangdong Tianan New Material 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 |
|---|---|
| Xiaogang Zheng | China Merchants Securities Co. Ltd. |