Shanghai Zhongzhou Special Alloy Materials Co., Ltd.

SZSE:300963 Stock Report

Market Cap: CN¥2.6b

Shanghai Zhongzhou Special Alloy Materials Balance Sheet Health

Financial Health criteria checks 5/6

Shanghai Zhongzhou Special Alloy Materials has a total shareholder equity of CN¥1.0B and total debt of CN¥188.0M, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are CN¥1.7B and CN¥724.7M respectively. Shanghai Zhongzhou Special Alloy Materials's EBIT is CN¥78.8M making its interest coverage ratio 137.6. It has cash and short-term investments of CN¥78.4M.

Key information

18.7%

Debt to equity ratio

CN¥187.99m

Debt

Interest coverage ratio137.6x
CashCN¥78.39m
EquityCN¥1.01b
Total liabilitiesCN¥724.66m
Total assetsCN¥1.73b

Recent financial health updates

No updates

Recent updates

Investors Could Be Concerned With Shanghai Zhongzhou Special Alloy Materials' (SZSE:300963) Returns On Capital

May 31
Investors Could Be Concerned With Shanghai Zhongzhou Special Alloy Materials' (SZSE:300963) Returns On Capital

Shanghai Zhongzhou Special Alloy Materials' (SZSE:300963) Shareholders Have More To Worry About Than Only Soft Earnings

Apr 29
Shanghai Zhongzhou Special Alloy Materials' (SZSE:300963) Shareholders Have More To Worry About Than Only Soft Earnings

Shanghai Zhongzhou Special Alloy Materials Co., Ltd. (SZSE:300963) Held Back By Insufficient Growth Even After Shares Climb 29%

Mar 07
Shanghai Zhongzhou Special Alloy Materials Co., Ltd. (SZSE:300963) Held Back By Insufficient Growth Even After Shares Climb 29%

Financial Position Analysis

Short Term Liabilities: 300963's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥648.6M).

Long Term Liabilities: 300963's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥76.1M).


Debt to Equity History and Analysis

Debt Level: 300963's net debt to equity ratio (10.9%) is considered satisfactory.

Reducing Debt: 300963's debt to equity ratio has reduced from 30.1% to 18.7% over the past 5 years.

Debt Coverage: 300963's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 300963's interest payments on its debt are well covered by EBIT (137.6x coverage).


Balance Sheet


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