Rongsheng Petrochemical Co., Ltd.

SZSE:002493 Stock Report

Market Cap: CN¥87.1b

Rongsheng Petrochemical Balance Sheet Health

Financial Health criteria checks 2/6

Rongsheng Petrochemical has a total shareholder equity of CN¥95.3B and total debt of CN¥202.0B, which brings its debt-to-equity ratio to 212%. Its total assets and total liabilities are CN¥395.8B and CN¥300.5B respectively. Rongsheng Petrochemical's EBIT is CN¥12.0B making its interest coverage ratio 1.9. It has cash and short-term investments of CN¥30.5B.

Key information

212.0%

Debt to equity ratio

CN¥201.98b

Debt

Interest coverage ratio1.9x
CashCN¥30.47b
EquityCN¥95.29b
Total liabilitiesCN¥300.54b
Total assetsCN¥395.83b

Recent financial health updates

Rongsheng Petrochemical (SZSE:002493) Has A Somewhat Strained Balance Sheet

Oct 15
Rongsheng Petrochemical (SZSE:002493) Has A Somewhat Strained Balance Sheet

Here's Why Rongsheng Petrochemical (SZSE:002493) Is Weighed Down By Its Debt Load

May 28
Here's Why Rongsheng Petrochemical (SZSE:002493) Is Weighed Down By Its Debt Load

Rongsheng Petrochemical (SZSE:002493) Has Debt But No Earnings; Should You Worry?

Feb 27
Rongsheng Petrochemical (SZSE:002493) Has Debt But No Earnings; Should You Worry?

Recent updates

Little Excitement Around Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Revenues

Nov 26
Little Excitement Around Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Revenues

Rongsheng Petrochemical (SZSE:002493) Has A Somewhat Strained Balance Sheet

Oct 15
Rongsheng Petrochemical (SZSE:002493) Has A Somewhat Strained Balance Sheet

Is Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Potentially Undervalued?

Sep 30
Is Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Potentially Undervalued?

The Return Trends At Rongsheng Petrochemical (SZSE:002493) Look Promising

Sep 13
The Return Trends At Rongsheng Petrochemical (SZSE:002493) Look Promising

Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Business And Shares Still Trailing The Industry

Jun 28
Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Business And Shares Still Trailing The Industry

Why Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Could Be Worth Watching

Jun 13
Why Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Could Be Worth Watching

Here's Why Rongsheng Petrochemical (SZSE:002493) Is Weighed Down By Its Debt Load

May 28
Here's Why Rongsheng Petrochemical (SZSE:002493) Is Weighed Down By Its Debt Load

Rongsheng Petrochemical Co., Ltd. Beat Revenue Forecasts By 5.2%: Here's What Analysts Are Forecasting Next

Apr 28
Rongsheng Petrochemical Co., Ltd. Beat Revenue Forecasts By 5.2%: Here's What Analysts Are Forecasting Next

Returns On Capital At Rongsheng Petrochemical (SZSE:002493) Have Hit The Brakes

Apr 27
Returns On Capital At Rongsheng Petrochemical (SZSE:002493) Have Hit The Brakes

Lacklustre Performance Is Driving Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Low P/S

Mar 25
Lacklustre Performance Is Driving Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Low P/S

Rongsheng Petrochemical (SZSE:002493) Has Debt But No Earnings; Should You Worry?

Feb 27
Rongsheng Petrochemical (SZSE:002493) Has Debt But No Earnings; Should You Worry?

Financial Position Analysis

Short Term Liabilities: 002493's short term assets (CN¥102.5B) do not cover its short term liabilities (CN¥169.8B).

Long Term Liabilities: 002493's short term assets (CN¥102.5B) do not cover its long term liabilities (CN¥130.8B).

Debt to Equity History and Analysis

Debt Level: 002493's net debt to equity ratio (180%) is considered high.

Reducing Debt: 002493's debt to equity ratio has reduced from 222.5% to 212% over the past 5 years.

Debt Coverage: 002493's debt is well covered by operating cash flow (24.8%).

Interest Coverage: 002493's interest payments on its debt are not well covered by EBIT (1.9x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 17:58
End of Day Share Price 2024/12/20 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

Rongsheng Petrochemical Co., Ltd. is covered by 27 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ruzhen YeChangjiang Securities Co. LTD.
Wenpo RenChina Galaxy Securities Co., Ltd.
Kaiming FuChina International Capital Corporation Limited