Jiangsu Changhai Composite Materials Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Changhai Composite Materials has a total shareholder equity of CN¥4.6B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are CN¥6.9B and CN¥2.3B respectively. Jiangsu Changhai Composite Materials's EBIT is CN¥232.0M making its interest coverage ratio -6.9. It has cash and short-term investments of CN¥1.3B.
Key information
24.6%
Debt to equity ratio
CN¥1.12b
Debt
| Interest coverage ratio | -6.9x |
| Cash | CN¥1.33b |
| Equity | CN¥4.57b |
| Total liabilities | CN¥2.29b |
| Total assets | CN¥6.85b |
Recent financial health updates
Recent updates
There Are Reasons To Feel Uneasy About Jiangsu Changhai Composite Materials' (SZSE:300196) Returns On Capital
Dec 19
Potential Upside For Jiangsu Changhai Composite Materials Co., Ltd (SZSE:300196) Not Without Risk
Nov 14At CN¥10.97, Is Jiangsu Changhai Composite Materials Co., Ltd (SZSE:300196) Worth Looking At Closely?
Oct 13Is Jiangsu Changhai Composite Materials (SZSE:300196) Using Too Much Debt?
Sep 27Jiangsu Changhai Composite Materials (SZSE:300196) Is Paying Out Less In Dividends Than Last Year
May 26Jiangsu Changhai Composite Materials Co., Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 21Jiangsu Changhai Composite Materials Co., Ltd (SZSE:300196) Analysts Just Cut Their EPS Forecasts Substantially
Apr 20Financial Position Analysis
Short Term Liabilities: 300196's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300196's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥921.4M).
Debt to Equity History and Analysis
Debt Level: 300196 has more cash than its total debt.
Reducing Debt: 300196's debt to equity ratio has increased from 2.8% to 24.6% over the past 5 years.
Debt Coverage: 300196's debt is well covered by operating cash flow (31.4%).
Interest Coverage: 300196 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 | 2024/12/24 12:35 |
| End of Day Share Price | 2024/12/24 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
Jiangsu Changhai Composite Materials Co., Ltd is covered by 20 analysts. 9 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 |
|---|---|
| Jingru Ma | Bohai Securities Co., Ltd. |
| Chao Fan | Changjiang Securities Co. LTD. |
| Ting Wang | China Galaxy Securities Co., Ltd. |