Zhejiang Huada New Materials Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Huada New Materials has a total shareholder equity of CN¥2.5B and total debt of CN¥3.2B, which brings its debt-to-equity ratio to 129.4%. Its total assets and total liabilities are CN¥7.9B and CN¥5.4B respectively. Zhejiang Huada New Materials's EBIT is CN¥178.7M making its interest coverage ratio -2.6. It has cash and short-term investments of CN¥4.3B.
Key information
129.4%
Debt to equity ratio
CN¥3.20b
Debt
| Interest coverage ratio | -2.6x |
| Cash | CN¥4.27b |
| Equity | CN¥2.47b |
| Total liabilities | CN¥5.42b |
| Total assets | CN¥7.89b |
Recent financial health updates
No updates
Recent updates
Further Upside For Zhejiang Huada New Materials Co., Ltd. (SHSE:605158) Shares Could Introduce Price Risks After 30% Bounce
Dec 25
Here's What's Concerning About Zhejiang Huada New Materials' (SHSE:605158) Returns On Capital
Oct 28Zhejiang Huada New Materials Co., Ltd.'s (SHSE:605158) Share Price Is Matching Sentiment Around Its Earnings
Oct 01Zhejiang Huada New Materials Co., Ltd. (SHSE:605158) Held Back By Insufficient Growth Even After Shares Climb 36%
Mar 08Financial Position Analysis
Short Term Liabilities: 605158's short term assets (CN¥6.8B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 605158's short term assets (CN¥6.8B) exceed its long term liabilities (CN¥20.4M).
Debt to Equity History and Analysis
Debt Level: 605158 has more cash than its total debt.
Reducing Debt: 605158's debt to equity ratio has increased from 48.6% to 129.4% over the past 5 years.
Debt Coverage: 605158's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 605158 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 | 2024/12/27 11:26 |
| 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
Zhejiang Huada New Materials 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 |
|---|---|
| Kun Zhai | Topsperity Securities |