Wankai New Materials Balance Sheet Health
Financial Health criteria checks 2/6
Wankai New Materials has a total shareholder equity of CN¥5.5B and total debt of CN¥8.4B, which brings its debt-to-equity ratio to 151.6%. Its total assets and total liabilities are CN¥17.4B and CN¥11.8B respectively.
Key information
151.6%
Debt to equity ratio
CN¥8.40b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥4.85b |
| Equity | CN¥5.54b |
| Total liabilities | CN¥11.81b |
| Total assets | CN¥17.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301216's short term assets (CN¥10.1B) exceed its short term liabilities (CN¥6.2B).
Long Term Liabilities: 301216's short term assets (CN¥10.1B) exceed its long term liabilities (CN¥5.6B).
Debt to Equity History and Analysis
Debt Level: 301216's net debt to equity ratio (64%) is considered high.
Reducing Debt: 301216's debt to equity ratio has increased from 134.6% to 151.6% over the past 5 years.
Debt Coverage: 301216's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: Insufficient data to determine if 301216'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 | 2024/12/20 21:13 |
| End of Day Share Price | 2024/12/20 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
Wankai New Materials Co., Ltd. is covered by 5 analysts. 2 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 |
|---|---|
| Yudao Qin | China International Capital Corporation Limited |
| Wang Zhe | Citic Securities Co., Ltd. |
| Zhe Wang | Citic Securities Co., Ltd. |