Zhejiang Runyang New Material Technology Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Runyang New Material Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥82.9M, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are CN¥1.4B and CN¥190.2M respectively. Zhejiang Runyang New Material Technology's EBIT is CN¥25.2M making its interest coverage ratio -1.8. It has cash and short-term investments of CN¥476.1M.
Key information
7.0%
Debt to equity ratio
CN¥82.94m
Debt
| Interest coverage ratio | -1.8x |
| Cash | CN¥476.14m |
| Equity | CN¥1.18b |
| Total liabilities | CN¥190.22m |
| Total assets | CN¥1.37b |
Recent financial health updates
No updates
Recent updates
Subdued Growth No Barrier To Zhejiang Runyang New Material Technology Co., Ltd. (SZSE:300920) With Shares Advancing 28%
Nov 11
There's Reason For Concern Over Zhejiang Runyang New Material Technology Co., Ltd.'s (SZSE:300920) Price
Sep 27Zhejiang Runyang New Material Technology Co., Ltd. (SZSE:300920) Surges 29% Yet Its Low P/E Is No Reason For Excitement
May 21Be Wary Of Zhejiang Runyang New Material Technology (SZSE:300920) And Its Returns On Capital
Apr 23Zhejiang Runyang New Material Technology Co., Ltd. (SZSE:300920) Investors Are Less Pessimistic Than Expected
Mar 06Financial Position Analysis
Short Term Liabilities: 300920's short term assets (CN¥713.8M) exceed its short term liabilities (CN¥163.7M).
Long Term Liabilities: 300920's short term assets (CN¥713.8M) exceed its long term liabilities (CN¥26.5M).
Debt to Equity History and Analysis
Debt Level: 300920 has more cash than its total debt.
Reducing Debt: 300920's debt to equity ratio has increased from 3% to 7% over the past 5 years.
Debt Coverage: 300920's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: 300920 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 | 2025/02/03 09:44 |
| End of Day Share Price | 2025/01/27 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 Runyang New Material Technology 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 |
|---|---|
| Wei Liu | Haitong International Research Limited |
| Zhangxiang Fan | Tianfeng Securities Brokerage Co., Ltd |
| Nan Xie | Zhongtai Securities Co. Ltd. |