Chengzhi Balance Sheet Health
Financial Health criteria checks 6/6
Chengzhi has a total shareholder equity of CN¥18.7B and total debt of CN¥5.0B, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are CN¥26.8B and CN¥8.1B respectively. Chengzhi's EBIT is CN¥826.2M making its interest coverage ratio 6.4. It has cash and short-term investments of CN¥3.5B.
Key information
26.7%
Debt to equity ratio
CN¥5.00b
Debt
| Interest coverage ratio | 6.4x |
| Cash | CN¥3.50b |
| Equity | CN¥18.71b |
| Total liabilities | CN¥8.09b |
| Total assets | CN¥26.80b |
Recent financial health updates
Chengzhi (SZSE:000990) Has A Rock Solid Balance Sheet
Sep 25
Is Chengzhi (SZSE:000990) Using Too Much Debt?
Apr 02Recent updates
Returns On Capital At Chengzhi (SZSE:000990) Have Hit The Brakes
Nov 21Market Might Still Lack Some Conviction On Chengzhi Co., Ltd. (SZSE:000990) Even After 37% Share Price Boost
Oct 08Chengzhi (SZSE:000990) Has A Rock Solid Balance Sheet
Sep 25Return Trends At Chengzhi (SZSE:000990) Aren't Appealing
Aug 21There's No Escaping Chengzhi Co., Ltd.'s (SZSE:000990) Muted Revenues
Jun 13We Think Chengzhi's (SZSE:000990) Solid Earnings Are Understated
Apr 23Is Chengzhi (SZSE:000990) Using Too Much Debt?
Apr 02Financial Position Analysis
Short Term Liabilities: 000990's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 000990's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 000990's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: 000990's debt to equity ratio has reduced from 32.2% to 26.7% over the past 5 years.
Debt Coverage: 000990's debt is well covered by operating cash flow (32.7%).
Interest Coverage: 000990's interest payments on its debt are well covered by EBIT (6.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 04:26 |
| End of Day Share Price | 2024/12/24 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 |
| |
| 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
Chengzhi Co., Ltd. is covered by 2 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 |
|---|---|
| Nai Di Zhao | Everbright Securities Co. Ltd. |
| Wei Liu | Haitong International Research Limited |