Fujian Kuncai Material Technology Balance Sheet Health
Financial Health criteria checks 1/6
Fujian Kuncai Material Technology has a total shareholder equity of CN¥1.9B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 99.8%. Its total assets and total liabilities are CN¥4.9B and CN¥2.9B respectively. Fujian Kuncai Material Technology's EBIT is CN¥141.8M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥55.1M.
Key information
99.8%
Debt to equity ratio
CN¥1.91b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CN¥55.06m |
| Equity | CN¥1.92b |
| Total liabilities | CN¥2.95b |
| Total assets | CN¥4.86b |
Recent financial health updates
Is Fujian Kuncai Material Technology (SHSE:603826) Using Too Much Debt?
Dec 30
Fujian Kuncai Material Technology (SHSE:603826) Has A Somewhat Strained Balance Sheet
Sep 17Fujian Kuncai Material Technology (SHSE:603826) Takes On Some Risk With Its Use Of Debt
Jun 07Recent updates
Is Fujian Kuncai Material Technology (SHSE:603826) Using Too Much Debt?
Dec 30With A 25% Price Drop For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) You'll Still Get What You Pay For
Nov 24There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On Capital
Oct 23Fujian Kuncai Material Technology (SHSE:603826) Has A Somewhat Strained Balance Sheet
Sep 17Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) Stocks Pounded By 25% But Not Lagging Industry On Growth Or Pricing
Jul 23Fujian Kuncai Material Technology (SHSE:603826) Will Want To Turn Around Its Return Trends
Jul 16Fujian Kuncai Material Technology (SHSE:603826) Takes On Some Risk With Its Use Of Debt
Jun 07The Price Is Right For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826)
May 21There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On Capital
Apr 08Financial Position Analysis
Short Term Liabilities: 603826's short term assets (CN¥1.7B) do not cover its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603826's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥866.0M).
Debt to Equity History and Analysis
Debt Level: 603826's net debt to equity ratio (97%) is considered high.
Reducing Debt: 603826's debt to equity ratio has increased from 11.3% to 99.8% over the past 5 years.
Debt Coverage: 603826's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603826's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 12:50 |
| End of Day Share Price | 2025/01/03 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
Fujian Kuncai Material Technology Co., Ltd. is covered by 4 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 |
|---|---|
| Chao Fan | Changjiang Securities Co. LTD. |
| Zhe Wang | Citic Securities Co., Ltd. |
| RongFu Bao | Huatai Research |