Donglai Coating Technology(Shanghai)Co.Ltd Balance Sheet Health
Financial Health criteria checks 4/6
Donglai Coating Technology(Shanghai)Co.Ltd has a total shareholder equity of CN¥849.1M and total debt of CN¥645.4M, which brings its debt-to-equity ratio to 76%. Its total assets and total liabilities are CN¥1.6B and CN¥749.8M respectively. Donglai Coating Technology(Shanghai)Co.Ltd's EBIT is CN¥69.8M making its interest coverage ratio -6.6. It has cash and short-term investments of CN¥608.7M.
Key information
76.0%
Debt to equity ratio
CN¥645.41m
Debt
| Interest coverage ratio | -6.6x |
| Cash | CN¥608.72m |
| Equity | CN¥849.15m |
| Total liabilities | CN¥749.80m |
| Total assets | CN¥1.60b |
Recent financial health updates
No updates
Recent updates
Donglai Coating Technology(Shanghai)Co.Ltd's (SHSE:688129) Solid Profits Have Weak Fundamentals
Nov 04
Donglai Coating Technology(Shanghai)Co.,Ltd's (SHSE:688129) Price Is Out Of Tune With Revenues
Oct 29Returns On Capital Signal Tricky Times Ahead For Donglai Coating Technology(Shanghai)Co.Ltd (SHSE:688129)
Sep 27Donglai Coating Technology(Shanghai)Co.Ltd (SHSE:688129) Is Reinvesting At Lower Rates Of Return
Jun 05Additional Considerations Required While Assessing Donglai Coating Technology(Shanghai)Co.Ltd's (SHSE:688129) Strong Earnings
May 03Financial Position Analysis
Short Term Liabilities: 688129's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥746.5M).
Long Term Liabilities: 688129's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥3.3M).
Debt to Equity History and Analysis
Debt Level: 688129's net debt to equity ratio (4.3%) is considered satisfactory.
Reducing Debt: 688129's debt to equity ratio has increased from 0% to 76% over the past 5 years.
Debt Coverage: 688129's debt is not well covered by operating cash flow (3.1%).
Interest Coverage: 688129 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 | 2024/12/23 05:12 |
| End of Day Share Price | 2024/12/23 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Donglai Coating Technology(Shanghai)Co.,Ltd is covered by 1 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 |
|---|---|
| Wei Liu | Haitong International Research Limited |