Zhejiang Kaier New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Kaier New MaterialsLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥42.7M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥1.4B and CN¥275.0M respectively. Zhejiang Kaier New MaterialsLtd's EBIT is CN¥38.3M making its interest coverage ratio -4.5. It has cash and short-term investments of CN¥186.1M.
Key information
3.7%
Debt to equity ratio
CN¥42.67m
Debt
| Interest coverage ratio | -4.5x |
| Cash | CN¥186.11m |
| Equity | CN¥1.16b |
| Total liabilities | CN¥274.99m |
| Total assets | CN¥1.44b |
Recent financial health updates
No updates
Recent updates
Zhejiang Kaier New Materials Co.,Ltd.'s (SZSE:300234) Shareholders Might Be Looking For Exit
Sep 30
Zhejiang Kaier New MaterialsLtd (SZSE:300234) Shareholders Will Want The ROCE Trajectory To Continue
Jun 07Zhejiang Kaier New MaterialsLtd's (SZSE:300234) Earnings Offer More Than Meets The Eye
Apr 09Zhejiang Kaier New Materials Co.,Ltd. (SZSE:300234) Stock Rockets 37% As Investors Are Less Pessimistic Than Expected
Mar 08Financial Position Analysis
Short Term Liabilities: 300234's short term assets (CN¥792.5M) exceed its short term liabilities (CN¥253.1M).
Long Term Liabilities: 300234's short term assets (CN¥792.5M) exceed its long term liabilities (CN¥21.9M).
Debt to Equity History and Analysis
Debt Level: 300234 has more cash than its total debt.
Reducing Debt: 300234's debt to equity ratio has reduced from 9.1% to 3.7% over the past 5 years.
Debt Coverage: 300234's debt is well covered by operating cash flow (198.8%).
Interest Coverage: 300234 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 | 2024/12/25 13:22 |
| 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
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Analyst Sources
Zhejiang Kaier New Materials 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 |
|---|---|
| Chao Fan | Changjiang Securities Co. LTD. |
| Xiaogang Zheng | China Merchants Securities Co. Ltd. |
| Yong Chao Xu | China Minzu Securities |