Shanghai Pret Composites Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Pret Composites has a total shareholder equity of CN¥4.8B and total debt of CN¥4.2B, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are CN¥11.6B and CN¥6.9B respectively. Shanghai Pret Composites's EBIT is CN¥296.8M making its interest coverage ratio 3.3. It has cash and short-term investments of CN¥942.3M.
Key information
88.7%
Debt to equity ratio
CN¥4.22b
Debt
| Interest coverage ratio | 3.3x |
| Cash | CN¥942.31m |
| Equity | CN¥4.76b |
| Total liabilities | CN¥6.86b |
| Total assets | CN¥11.62b |
Recent financial health updates
We Think Shanghai Pret Composites (SZSE:002324) Is Taking Some Risk With Its Debt
Oct 13
Shanghai Pret Composites (SZSE:002324) Has A Pretty Healthy Balance Sheet
Jun 09Recent updates
Market Cool On Shanghai Pret Composites Co., Ltd.'s (SZSE:002324) Earnings Pushing Shares 25% Lower
Jan 07Investors Met With Slowing Returns on Capital At Shanghai Pret Composites (SZSE:002324)
Jan 06Shanghai Pret Composites Co., Ltd. (SZSE:002324) Looks Just Right With A 26% Price Jump
Nov 20Earnings Troubles May Signal Larger Issues for Shanghai Pret Composites (SZSE:002324) Shareholders
Oct 29Is Shanghai Pret Composites Co., Ltd. (SZSE:002324) Trading At A 30% Discount?
Oct 28We Think Shanghai Pret Composites (SZSE:002324) Is Taking Some Risk With Its Debt
Oct 13Shanghai Pret Composites (SZSE:002324) Shareholders Will Want The ROCE Trajectory To Continue
Sep 25News Flash: 3 Analysts Think Shanghai Pret Composites Co., Ltd. (SZSE:002324) Earnings Are Under Threat
Sep 03Shanghai Pret Composites Co., Ltd. (SZSE:002324) Could Be Riskier Than It Looks
Aug 21Shanghai Pret Composites (SZSE:002324) Has A Pretty Healthy Balance Sheet
Jun 09Investors Will Want Shanghai Pret Composites' (SZSE:002324) Growth In ROCE To Persist
May 22Shanghai Pret Composites Co., Ltd. (SZSE:002324) Analysts Just Slashed This Year's Estimates
Apr 30Earnings Report: Shanghai Pret Composites Co., Ltd. Missed Revenue Estimates By 22%
Apr 28Shanghai Pret Composites' (SZSE:002324) Earnings Are Weaker Than They Seem
Apr 25Even With A 28% Surge, Cautious Investors Are Not Rewarding Shanghai Pret Composites Co., Ltd.'s (SZSE:002324) Performance Completely
Mar 06Financial Position Analysis
Short Term Liabilities: 002324's short term assets (CN¥7.1B) exceed its short term liabilities (CN¥5.8B).
Long Term Liabilities: 002324's short term assets (CN¥7.1B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 002324's net debt to equity ratio (68.9%) is considered high.
Reducing Debt: 002324's debt to equity ratio has increased from 32.8% to 88.7% over the past 5 years.
Debt Coverage: 002324's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: 002324's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 23:36 |
| End of Day Share Price | 2025/01/10 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
Shanghai Pret Composites Co., Ltd. is covered by 10 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 |
|---|---|
| Yuanrui Liu | Changjiang Securities Co. LTD. |
| Kaiming Fu | China International Capital Corporation Limited |
| Qiushi Qi | China Minzu Securities |