Shandong Sinocera Functional Material Balance Sheet Health
Financial Health criteria checks 6/6
Shandong Sinocera Functional Material has a total shareholder equity of CN¥7.1B and total debt of CN¥670.4M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are CN¥9.2B and CN¥2.1B respectively. Shandong Sinocera Functional Material's EBIT is CN¥710.7M making its interest coverage ratio 103.2. It has cash and short-term investments of CN¥550.4M.
Key information
9.5%
Debt to equity ratio
CN¥670.43m
Debt
| Interest coverage ratio | 103.2x |
| Cash | CN¥550.42m |
| Equity | CN¥7.08b |
| Total liabilities | CN¥2.14b |
| Total assets | CN¥9.22b |
Recent financial health updates
Shandong Sinocera Functional Material (SZSE:300285) Seems To Use Debt Quite Sensibly
Dec 15
Shandong Sinocera Functional Material (SZSE:300285) Has A Pretty Healthy Balance Sheet
Sep 06Shandong Sinocera Functional Material (SZSE:300285) Seems To Use Debt Quite Sensibly
Mar 18Recent updates
Shandong Sinocera Functional Material (SZSE:300285) Seems To Use Debt Quite Sensibly
Dec 15Is Now An Opportune Moment To Examine Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285)?
Nov 14Earnings Tell The Story For Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) As Its Stock Soars 29%
Sep 30Shandong Sinocera Functional Material (SZSE:300285) Has A Pretty Healthy Balance Sheet
Sep 06Shandong Sinocera Functional Material's (SZSE:300285) Promising Earnings May Rest On Soft Foundations
Aug 06Shandong Sinocera Functional Material Co., Ltd. Just Missed Revenue By 12%: Here's What Analysts Think Will Happen Next
Aug 01Shandong Sinocera Functional Material (SZSE:300285) Will Be Hoping To Turn Its Returns On Capital Around
Jun 07Shandong Sinocera Functional Material (SZSE:300285) Has Affirmed Its Dividend Of CN¥0.10
May 23Should You Investigate Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) At CN¥20.77?
May 12Shandong Sinocera Functional Material Co., Ltd. Just Missed Revenue By 13%: Here's What Analysts Think Will Happen Next
Apr 28Is Shandong Sinocera Functional Material Co., Ltd. (SZSE:300285) Trading At A 34% Discount?
Apr 21Shandong Sinocera Functional Material (SZSE:300285) Seems To Use Debt Quite Sensibly
Mar 18Financial Position Analysis
Short Term Liabilities: 300285's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300285's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥597.9M).
Debt to Equity History and Analysis
Debt Level: 300285's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: 300285's debt to equity ratio has reduced from 11.3% to 9.5% over the past 5 years.
Debt Coverage: 300285's debt is well covered by operating cash flow (102.5%).
Interest Coverage: 300285's interest payments on its debt are well covered by EBIT (103.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 03:01 |
| 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
Shandong Sinocera Functional Material Co., Ltd. is covered by 27 analysts. 13 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 |
|---|---|
| Guohong Mu | Central China Securities Co., Ltd. |
| Tai Ma | Changjiang Securities Co. LTD. |
| Xiang Zhang | Changjiang Securities Co. LTD. |