Kangda New Materials (Group) Balance Sheet Health
Financial Health criteria checks 3/6
Kangda New Materials (Group) has a total shareholder equity of CN¥3.2B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 80.6%. Its total assets and total liabilities are CN¥7.5B and CN¥4.4B respectively. Kangda New Materials (Group)'s EBIT is CN¥19.7M making its interest coverage ratio 0.2. It has cash and short-term investments of CN¥639.3M.
Key information
80.6%
Debt to equity ratio
CN¥2.57b
Debt
| Interest coverage ratio | 0.2x |
| Cash | CN¥639.33m |
| Equity | CN¥3.18b |
| Total liabilities | CN¥4.36b |
| Total assets | CN¥7.55b |
Recent financial health updates
No updates
Recent updates
Kangda New Materials (Group) Co., Ltd.'s (SZSE:002669) Share Price Is Matching Sentiment Around Its Revenues
Nov 26
Kangda New Materials (Group) Co., Ltd.'s (SZSE:002669) Price Is Right But Growth Is Lacking
Aug 22There May Be Reason For Hope In Kangda New Materials (Group)'s (SZSE:002669) Disappointing Earnings
Apr 22Kangda New Materials (Group) (SZSE:002669) Will Want To Turn Around Its Return Trends
Mar 26Kangda New Materials (Group) Co., Ltd. (SZSE:002669) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
Mar 07Financial Position Analysis
Short Term Liabilities: 002669's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 002669's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥906.7M).
Debt to Equity History and Analysis
Debt Level: 002669's net debt to equity ratio (60.5%) is considered high.
Reducing Debt: 002669's debt to equity ratio has increased from 5.3% to 80.6% over the past 5 years.
Debt Coverage: 002669's debt is well covered by operating cash flow (20.1%).
Interest Coverage: 002669's interest payments on its debt are not well covered by EBIT (0.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 06:08 |
| End of Day Share Price | 2024/12/27 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
Kangda New Materials (Group) Co., Ltd. is covered by 4 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 |
|---|---|
| Wali Yu | China Minzu Securities |
| Ke Qi | Founder Securities Co., Ltd. |
| Miao Su | Guosen Securities Co., Ltd. |