Changzhou Tronly New Electronic Materials Balance Sheet Health
Financial Health criteria checks 2/6
Changzhou Tronly New Electronic Materials has a total shareholder equity of CN¥1.8B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 79.1%. Its total assets and total liabilities are CN¥3.6B and CN¥1.8B respectively.
Key information
79.1%
Debt to equity ratio
CN¥1.42b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥517.86m |
| Equity | CN¥1.80b |
| Total liabilities | CN¥1.81b |
| Total assets | CN¥3.61b |
Recent financial health updates
Does Changzhou Tronly New Electronic Materials (SZSE:300429) Have A Healthy Balance Sheet?
Oct 28
We Think Changzhou Tronly New Electronic Materials (SZSE:300429) Has A Fair Chunk Of Debt
Jun 24Recent updates
Changzhou Tronly New Electronic Materials Co., Ltd.'s (SZSE:300429) 26% Price Boost Is Out Of Tune With Revenues
Nov 14Does Changzhou Tronly New Electronic Materials (SZSE:300429) Have A Healthy Balance Sheet?
Oct 28Changzhou Tronly New Electronic Materials Co., Ltd.'s (SZSE:300429) 26% Share Price Surge Not Quite Adding Up
Sep 30Changzhou Tronly New Electronic Materials Co., Ltd.'s (SZSE:300429) Shares May Have Run Too Fast Too Soon
Jul 25We Think Changzhou Tronly New Electronic Materials (SZSE:300429) Has A Fair Chunk Of Debt
Jun 24Changzhou Tronly New Electronic Materials Co., Ltd. (SZSE:300429) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Apr 21Subdued Growth No Barrier To Changzhou Tronly New Electronic Materials Co., Ltd.'s (SZSE:300429) Price
Mar 01Financial Position Analysis
Short Term Liabilities: 300429's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥706.5M).
Long Term Liabilities: 300429's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300429's net debt to equity ratio (50.3%) is considered high.
Reducing Debt: 300429's debt to equity ratio has increased from 9.5% to 79.1% over the past 5 years.
Debt Coverage: 300429's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: Insufficient data to determine if 300429's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 08:43 |
| End of Day Share Price | 2024/12/26 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
Changzhou Tronly New Electronic Materials Co., Ltd. is covered by 3 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 |
|---|---|
| Rui Bin Dong | China Merchants Securities Co. Ltd. |
| Xi Liu | Huatai Research |
| LiuMing Xu | Industrial Securities Co. Ltd. |