Zhejiang Fulai New MaterialLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Fulai New MaterialLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are CN¥3.4B and CN¥2.0B respectively. Zhejiang Fulai New MaterialLtd's EBIT is CN¥66.3M making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥434.8M.
Key information
88.7%
Debt to equity ratio
CN¥1.24b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥434.84m |
| Equity | CN¥1.40b |
| Total liabilities | CN¥2.04b |
| Total assets | CN¥3.44b |
Recent financial health updates
Recent updates
What Zhejiang Fulai New Material Co.,Ltd.'s (SHSE:605488) 31% Share Price Gain Is Not Telling You
Jan 16
Here's Why Zhejiang Fulai New MaterialLtd (SHSE:605488) Has A Meaningful Debt Burden
Dec 27Zhejiang Fulai New Material Co.,Ltd.'s (SHSE:605488) 33% Price Boost Is Out Of Tune With Earnings
Dec 02Returns On Capital At Zhejiang Fulai New MaterialLtd (SHSE:605488) Paint A Concerning Picture
Oct 24There's No Escaping Zhejiang Fulai New Material Co.,Ltd.'s (SHSE:605488) Muted Earnings
Sep 27Returns On Capital At Zhejiang Fulai New MaterialLtd (SHSE:605488) Paint A Concerning Picture
Jun 03There Might Be More To Zhejiang Fulai New MaterialLtd's (SHSE:605488) Story Than Just Weak Earnings
Apr 05Zhejiang Fulai New Material Co.,Ltd.'s (SHSE:605488) 28% Share Price Surge Not Quite Adding Up
Apr 03Financial Position Analysis
Short Term Liabilities: 605488's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 605488's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥633.5M).
Debt to Equity History and Analysis
Debt Level: 605488's net debt to equity ratio (57.7%) is considered high.
Reducing Debt: 605488's debt to equity ratio has increased from 16.8% to 88.7% over the past 5 years.
Debt Coverage: 605488's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 605488's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/01 06:46 |
| End of Day Share Price | 2025/01/27 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 Fulai 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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