Shenzhen Prince New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Prince New MaterialsLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥317.3M, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are CN¥3.0B and CN¥1.0B respectively. Shenzhen Prince New MaterialsLtd's EBIT is CN¥85.6M making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥573.4M.
Key information
16.0%
Debt to equity ratio
CN¥317.26m
Debt
| Interest coverage ratio | 8.5x |
| Cash | CN¥573.41m |
| Equity | CN¥1.98b |
| Total liabilities | CN¥1.01b |
| Total assets | CN¥2.99b |
Recent financial health updates
Recent updates
Shenzhen Prince New MaterialsLtd (SZSE:002735) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 06
These 4 Measures Indicate That Shenzhen Prince New MaterialsLtd (SZSE:002735) Is Using Debt Reasonably Well
May 25Shenzhen Prince New MaterialsLtd's (SZSE:002735) Solid Profits Have Weak Fundamentals
May 06There's Reason For Concern Over Shenzhen Prince New Materials Co.,Ltd.'s (SZSE:002735) Massive 37% Price Jump
Mar 31Financial Position Analysis
Short Term Liabilities: 002735's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥968.8M).
Long Term Liabilities: 002735's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥42.5M).
Debt to Equity History and Analysis
Debt Level: 002735 has more cash than its total debt.
Reducing Debt: 002735's debt to equity ratio has increased from 10% to 16% over the past 5 years.
Debt Coverage: 002735's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: 002735's interest payments on its debt are well covered by EBIT (8.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 23:58 |
| End of Day Share Price | 2024/12/25 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
Shenzhen Prince New Materials Co.,Ltd. is covered by 2 analysts. 1 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 |
|---|---|
| Gen He | Everbright Securities Co. Ltd. |
| Yuchen Liu | Everbright Securities Co. Ltd. |