Shenzhen SunXing Light Alloys MaterialsLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen SunXing Light Alloys MaterialsLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 114.1%. Its total assets and total liabilities are CN¥4.1B and CN¥2.6B respectively.
Key information
114.1%
Debt to equity ratio
CN¥1.80b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥368.27m |
| Equity | CN¥1.58b |
| Total liabilities | CN¥2.55b |
| Total assets | CN¥4.13b |
Recent financial health updates
Recent updates
Does Shenzhen SunXing Light Alloys MaterialsLtd (SHSE:603978) Have A Healthy Balance Sheet?
Nov 25
Even With A 25% Surge, Cautious Investors Are Not Rewarding Shenzhen SunXing Light Alloys Materials Co.,Ltd.'s (SHSE:603978) Performance Completely
Sep 27The Market Lifts Shenzhen SunXing Light Alloys Materials Co.,Ltd. (SHSE:603978) Shares 33% But It Can Do More
Aug 10With Shenzhen SunXing Light Alloys Materials Co.,Ltd. (SHSE:603978) It Looks Like You'll Get What You Pay For
Mar 06Financial Position Analysis
Short Term Liabilities: 603978's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603978's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥813.5M).
Debt to Equity History and Analysis
Debt Level: 603978's net debt to equity ratio (90.8%) is considered high.
Reducing Debt: 603978's debt to equity ratio has increased from 12.1% to 114.1% over the past 5 years.
Debt Coverage: 603978's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 603978's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 20:20 |
| End of Day Share Price | 2024/12/26 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
Shenzhen SunXing Light Alloys Materials Co.,Ltd. is covered by 2 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 |
|---|---|
| Rui Bin Dong | China Merchants Securities Co. Ltd. |
| Cheng Yang | Tianfeng Securities Brokerage Co., Ltd |