Shaanxi Sirui Advanced Materials Balance Sheet Health
Financial Health criteria checks 5/6
Shaanxi Sirui Advanced Materials has a total shareholder equity of CN¥1.1B and total debt of CN¥651.1M, which brings its debt-to-equity ratio to 58.3%. Its total assets and total liabilities are CN¥2.0B and CN¥892.0M respectively. Shaanxi Sirui Advanced Materials's EBIT is CN¥116.6M making its interest coverage ratio 8.8. It has cash and short-term investments of CN¥97.9M.
Key information
58.3%
Debt to equity ratio
CN¥651.06m
Debt
| Interest coverage ratio | 8.8x |
| Cash | CN¥97.87m |
| Equity | CN¥1.12b |
| Total liabilities | CN¥891.96m |
| Total assets | CN¥2.01b |
Recent financial health updates
Is Shaanxi Sirui Advanced Materials (SHSE:688102) A Risky Investment?
Sep 29
Here's Why Shaanxi Sirui Advanced Materials (SHSE:688102) Can Manage Its Debt Responsibly
May 28Recent updates
Shaanxi Sirui Advanced Materials Co., Ltd. (SHSE:688102) Stocks Shoot Up 43% But Its P/E Still Looks Reasonable
Oct 08Is Shaanxi Sirui Advanced Materials (SHSE:688102) A Risky Investment?
Sep 29Shaanxi Sirui Advanced Materials' (SHSE:688102) Promising Earnings May Rest On Soft Foundations
Aug 22Earnings Tell The Story For Shaanxi Sirui Advanced Materials Co., Ltd. (SHSE:688102) As Its Stock Soars 26%
May 31Here's Why Shaanxi Sirui Advanced Materials (SHSE:688102) Can Manage Its Debt Responsibly
May 28Returns On Capital At Shaanxi Sirui Advanced Materials (SHSE:688102) Have Stalled
Mar 26Investors Appear Satisfied With Shaanxi Sirui Advanced Materials Co., Ltd.'s (SHSE:688102) Prospects As Shares Rocket 27%
Mar 04Financial Position Analysis
Short Term Liabilities: 688102's short term assets (CN¥784.1M) exceed its short term liabilities (CN¥504.6M).
Long Term Liabilities: 688102's short term assets (CN¥784.1M) exceed its long term liabilities (CN¥387.4M).
Debt to Equity History and Analysis
Debt Level: 688102's net debt to equity ratio (49.6%) is considered high.
Reducing Debt: 688102's debt to equity ratio has reduced from 67% to 58.3% over the past 5 years.
Debt Coverage: 688102's debt is well covered by operating cash flow (24.2%).
Interest Coverage: 688102's interest payments on its debt are well covered by EBIT (8.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 10:55 |
| End of Day Share Price | 2024/12/20 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
Shaanxi Sirui Advanced Materials Co., Ltd. is covered by 5 analysts. 2 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 |
|---|---|
| Wenping Liu | China Merchants Securities Co. Ltd. |
| Chao Li | Citic Securities Co., Ltd. |
| Cong Li | Huatai Research |