Shanghai Shunho New Materials TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Shunho New Materials TechnologyLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥111.9M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are CN¥2.8B and CN¥674.5M respectively. Shanghai Shunho New Materials TechnologyLtd's EBIT is CN¥106.8M making its interest coverage ratio -16. It has cash and short-term investments of CN¥767.8M.
Key information
5.3%
Debt to equity ratio
CN¥111.92m
Debt
| Interest coverage ratio | -16x |
| Cash | CN¥767.81m |
| Equity | CN¥2.10b |
| Total liabilities | CN¥674.52m |
| Total assets | CN¥2.78b |
Recent financial health updates
No updates
Recent updates
There's Reason For Concern Over Shanghai Shunho New Materials Technology Co.,Ltd.'s (SZSE:002565) Massive 27% Price Jump
Nov 06
Shanghai Shunho New Materials TechnologyLtd's (SZSE:002565) Returns Have Hit A Wall
Jun 07Statutory Profit Doesn't Reflect How Good Shanghai Shunho New Materials TechnologyLtd's (SZSE:002565) Earnings Are
May 06Optimistic Investors Push Shanghai Shunho New Materials Technology Co.,Ltd. (SZSE:002565) Shares Up 27% But Growth Is Lacking
Mar 07Financial Position Analysis
Short Term Liabilities: 002565's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥555.9M).
Long Term Liabilities: 002565's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥118.7M).
Debt to Equity History and Analysis
Debt Level: 002565 has more cash than its total debt.
Reducing Debt: 002565's debt to equity ratio has reduced from 21% to 5.3% over the past 5 years.
Debt Coverage: 002565's debt is well covered by operating cash flow (221.1%).
Interest Coverage: 002565 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 | 2024/12/26 11:47 |
| End of Day Share Price | 2024/12/26 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
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Analyst Sources
Shanghai Shunho New Materials Technology Co.,Ltd. is covered by 8 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 |
|---|---|
| Dongyan Pu | China Merchants Securities Co. Ltd. |
| Jia Zhu | Citic Securities Co., Ltd. |
| Hao Jiang | Everbright Securities Co. Ltd. |