Sunresin New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Sunresin New MaterialsLtd has a total shareholder equity of CN¥3.7B and total debt of CN¥458.7M, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are CN¥5.8B and CN¥2.0B respectively. Sunresin New MaterialsLtd's EBIT is CN¥933.6M making its interest coverage ratio -235.2. It has cash and short-term investments of CN¥2.2B.
Key information
12.3%
Debt to equity ratio
CN¥458.70m
Debt
Interest coverage ratio | -235.2x |
Cash | CN¥2.16b |
Equity | CN¥3.74b |
Total liabilities | CN¥2.05b |
Total assets | CN¥5.79b |
Recent financial health updates
Recent updates
Do Sunresin New MaterialsLtd's (SZSE:300487) Earnings Warrant Your Attention?
Dec 11We Think Sunresin New MaterialsLtd (SZSE:300487) Can Manage Its Debt With Ease
Nov 25Why Investors Shouldn't Be Surprised By Sunresin New Materials Co.,Ltd's (SZSE:300487) 41% Share Price Surge
Oct 01Sunresin New MaterialsLtd (SZSE:300487) Is Achieving High Returns On Its Capital
Aug 29Here's Why Sunresin New MaterialsLtd (SZSE:300487) Has Caught The Eye Of Investors
Aug 12Why Investors Shouldn't Be Surprised By Sunresin New Materials Co.,Ltd's (SZSE:300487) P/E
Jul 02Sunresin New MaterialsLtd's (SZSE:300487) Shareholders May Want To Dig Deeper Than Statutory Profit
Apr 29Sunresin New Materials Co.,Ltd (SZSE:300487) Analysts Just Slashed This Year's Estimates
Apr 24We Ran A Stock Scan For Earnings Growth And Sunresin New MaterialsLtd (SZSE:300487) Passed With Ease
Apr 15Sunresin New Materials Co.,Ltd's (SZSE:300487) Popularity With Investors Is Under Threat From Overpricing
Mar 13Under The Bonnet, Sunresin New MaterialsLtd's (SZSE:300487) Returns Look Impressive
Feb 27Financial Position Analysis
Short Term Liabilities: 300487's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300487's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥570.3M).
Debt to Equity History and Analysis
Debt Level: 300487 has more cash than its total debt.
Reducing Debt: 300487's debt to equity ratio has reduced from 23.4% to 12.3% over the past 5 years.
Debt Coverage: 300487's debt is well covered by operating cash flow (149%).
Interest Coverage: 300487 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) |
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Company Analysis | 2024/12/18 16:54 |
End of Day Share Price | 2024/12/18 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 * |
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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
Sunresin New Materials Co.,Ltd is covered by 17 analysts. 10 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 |
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Ce Zhou | Chasing Securities |
Jian Jun Zou | Chasing Securities |
Yigong Tao | China Galaxy Securities Co., Ltd. |