Changzhou Tiansheng New Materials Group Balance Sheet Health
Financial Health criteria checks 1/6
Changzhou Tiansheng New Materials Group has a total shareholder equity of CN¥118.9M and total debt of CN¥482.3M, which brings its debt-to-equity ratio to 405.7%. Its total assets and total liabilities are CN¥944.2M and CN¥825.4M respectively.
Key information
405.7%
Debt to equity ratio
CN¥482.29m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥47.27m |
| Equity | CN¥118.87m |
| Total liabilities | CN¥825.38m |
| Total assets | CN¥944.25m |
Recent financial health updates
No updates
Recent updates
Revenues Not Telling The Story For Changzhou Tiansheng New Materials Group Co., Ltd. (SZSE:300169) After Shares Rise 33%
Sep 27
Changzhou Tiansheng New Materials Group Co., Ltd.'s (SZSE:300169) Shares Climb 28% But Its Business Is Yet to Catch Up
Jul 31Changzhou Tiansheng New Materials Group Co., Ltd.'s (SZSE:300169) 29% Share Price Plunge Could Signal Some Risk
Jun 06Changzhou Tiansheng New Materials Group Co., Ltd.'s (SZSE:300169) Popularity With Investors Under Threat As Stock Sinks 32%
Apr 16Changzhou Tiansheng New Materials Group Co., Ltd.'s (SZSE:300169) Business Is Yet to Catch Up With Its Share Price
Feb 28Financial Position Analysis
Short Term Liabilities: 300169's short term assets (CN¥477.3M) do not cover its short term liabilities (CN¥726.9M).
Long Term Liabilities: 300169's short term assets (CN¥477.3M) exceed its long term liabilities (CN¥98.5M).
Debt to Equity History and Analysis
Debt Level: 300169's net debt to equity ratio (366%) is considered high.
Reducing Debt: 300169's debt to equity ratio has increased from 54% to 405.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 300169 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 300169 has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.9% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 13:13 |
| End of Day Share Price | 2024/12/20 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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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
Changzhou Tiansheng New Materials Group Co., Ltd. is covered by 10 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 |
|---|---|
| Hongying Zuo | AJ Securities Co., Ltd |
| Zheng Gao | China International Capital Corporation Limited |
| Cai Fu | China Minzu Securities |