Wuxi Double Elephant Micro Fibre Material Co.,Ltd

SZSE:002395 Stock Report

Market Cap: CN¥4.4b

Wuxi Double Elephant Micro Fibre MaterialLtd Balance Sheet Health

Financial Health criteria checks 4/6

Wuxi Double Elephant Micro Fibre MaterialLtd has a total shareholder equity of CN¥971.2M and total debt of CN¥103.5M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are CN¥2.4B and CN¥1.4B respectively. Wuxi Double Elephant Micro Fibre MaterialLtd's EBIT is CN¥82.6M making its interest coverage ratio -22.9. It has cash and short-term investments of CN¥201.1M.

Key information

10.7%

Debt to equity ratio

CN¥103.49m

Debt

Interest coverage ratio-22.9x
CashCN¥201.09m
EquityCN¥971.18m
Total liabilitiesCN¥1.40b
Total assetsCN¥2.37b

Recent financial health updates

We Think Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Can Stay On Top Of Its Debt

May 28
We Think Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Can Stay On Top Of Its Debt

Health Check: How Prudently Does Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Use Debt?

Feb 27
Health Check: How Prudently Does Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Use Debt?

Recent updates

Revenues Not Telling The Story For Wuxi Double Elephant Micro Fibre Material Co.,Ltd (SZSE:002395)

Dec 12
Revenues Not Telling The Story For Wuxi Double Elephant Micro Fibre Material Co.,Ltd (SZSE:002395)

Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Is Experiencing Growth In Returns On Capital

Nov 18
Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Is Experiencing Growth In Returns On Capital

We Think Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Can Stay On Top Of Its Debt

May 28
We Think Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Can Stay On Top Of Its Debt

Wuxi Double Elephant Micro Fibre Material Co.,Ltd's (SZSE:002395) Shares Climb 30% But Its Business Is Yet to Catch Up

Apr 26
Wuxi Double Elephant Micro Fibre Material Co.,Ltd's (SZSE:002395) Shares Climb 30% But Its Business Is Yet to Catch Up

Wuxi Double Elephant Micro Fibre MaterialLtd's (SZSE:002395) Solid Profits Have Weak Fundamentals

Apr 25
Wuxi Double Elephant Micro Fibre MaterialLtd's (SZSE:002395) Solid Profits Have Weak Fundamentals

There's Reason For Concern Over Wuxi Double Elephant Micro Fibre Material Co.,Ltd's (SZSE:002395) Massive 36% Price Jump

Mar 09
There's Reason For Concern Over Wuxi Double Elephant Micro Fibre Material Co.,Ltd's (SZSE:002395) Massive 36% Price Jump

Health Check: How Prudently Does Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Use Debt?

Feb 27
Health Check: How Prudently Does Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Use Debt?

Financial Position Analysis

Short Term Liabilities: 002395's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥767.1M).

Long Term Liabilities: 002395's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥632.3M).

Debt to Equity History and Analysis

Debt Level: 002395 has more cash than its total debt.

Reducing Debt: 002395's debt to equity ratio has increased from 6.9% to 10.7% over the past 5 years.

Debt Coverage: 002395's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 002395 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

DataLast Updated (UTC time)
Company Analysis2024/12/25 17:43
End of Day Share Price 2024/12/25 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Wuxi Double Elephant Micro Fibre Material Co.,Ltd is covered by 6 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.

AnalystInstitution
Qiushi QiChina Minzu Securities
Xi Xin WangEverbright Securities Co. Ltd.
Jie XiaoHuatai Research