Beijing Tongyizhong New Material Technology Balance Sheet Health
Financial Health criteria checks 6/6
Beijing Tongyizhong New Material Technology has a total shareholder equity of CN¥1.4B and total debt of CN¥16.0M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CN¥1.5B and CN¥161.2M respectively. Beijing Tongyizhong New Material Technology's EBIT is CN¥96.5M making its interest coverage ratio -17.8. It has cash and short-term investments of CN¥451.6M.
Key information
1.2%
Debt to equity ratio
CN¥16.01m
Debt
| Interest coverage ratio | -17.8x |
| Cash | CN¥451.55m |
| Equity | CN¥1.37b |
| Total liabilities | CN¥161.17m |
| Total assets | CN¥1.53b |
Recent financial health updates
No updates
Recent updates
Returns On Capital At Beijing Tongyizhong New Material Technology (SHSE:688722) Have Hit The Brakes
Jan 04
Market Might Still Lack Some Conviction On Beijing Tongyizhong New Material Technology Corporation (SHSE:688722) Even After 37% Share Price Boost
Oct 08There Are Reasons To Feel Uneasy About Beijing Tongyizhong New Material Technology's (SHSE:688722) Returns On Capital
Sep 29Here's What's Concerning About Beijing Tongyizhong New Material Technology's (SHSE:688722) Returns On Capital
Jun 04Why Beijing Tongyizhong New Material Technology's (SHSE:688722) Shaky Earnings Are Just The Beginning Of Its Problems
Apr 05Financial Position Analysis
Short Term Liabilities: 688722's short term assets (CN¥729.0M) exceed its short term liabilities (CN¥133.1M).
Long Term Liabilities: 688722's short term assets (CN¥729.0M) exceed its long term liabilities (CN¥28.1M).
Debt to Equity History and Analysis
Debt Level: 688722 has more cash than its total debt.
Reducing Debt: 688722's debt to equity ratio has reduced from 4.7% to 1.2% over the past 5 years.
Debt Coverage: 688722's debt is well covered by operating cash flow (724.3%).
Interest Coverage: 688722 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 | 2025/02/12 11:32 |
| End of Day Share Price | 2025/02/12 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.
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 Github.
Analyst Sources
Beijing Tongyizhong New Material Technology Corporation is covered by 4 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 |
|---|---|
| Lin Yang | Guosen Securities Co., Ltd. |
| Junjun Zhu | Haitong International Research Limited |
| Huaichao Zhuang | Haitong International Research Limited |