Chongqing Sifang New Material Balance Sheet Health
Financial Health criteria checks 4/6
Chongqing Sifang New Material has a total shareholder equity of CN¥2.2B and total debt of CN¥720.6M, which brings its debt-to-equity ratio to 32.4%. Its total assets and total liabilities are CN¥4.2B and CN¥1.9B respectively. Chongqing Sifang New Material's EBIT is CN¥62.5M making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥323.3M.
Key information
32.4%
Debt to equity ratio
CN¥720.56m
Debt
| Interest coverage ratio | 2.6x |
| Cash | CN¥323.29m |
| Equity | CN¥2.22b |
| Total liabilities | CN¥1.93b |
| Total assets | CN¥4.15b |
Recent financial health updates
No updates
Recent updates
Chongqing Sifang New Material (SHSE:605122) May Have Issues Allocating Its Capital
Dec 23
The Market Lifts Chongqing Sifang New Material Co., Ltd. (SHSE:605122) Shares 43% But It Can Do More
Oct 16Be Wary Of Chongqing Sifang New Material (SHSE:605122) And Its Returns On Capital
Aug 22Chongqing Sifang New Material Co., Ltd.'s (SHSE:605122) Shares Not Telling The Full Story
Jun 05Chongqing Sifang New Material Co., Ltd.'s (SHSE:605122) Stock Retreats 25% But Revenues Haven't Escaped The Attention Of Investors
Feb 27Financial Position Analysis
Short Term Liabilities: 605122's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 605122's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥309.5M).
Debt to Equity History and Analysis
Debt Level: 605122's net debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: 605122's debt to equity ratio has reduced from 53.9% to 32.4% over the past 5 years.
Debt Coverage: 605122's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 605122's interest payments on its debt are not well covered by EBIT (2.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 19:30 |
| 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
Chongqing Sifang New Material Co., Ltd. is covered by 0 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 |
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