Tianyang New Materials (Shanghai) Technology Balance Sheet Health
Financial Health criteria checks 4/6
Tianyang New Materials (Shanghai) Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥778.0M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are CN¥3.0B and CN¥1.2B respectively.
Key information
44.8%
Debt to equity ratio
CN¥778.00m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥384.74m |
| Equity | CN¥1.74b |
| Total liabilities | CN¥1.24b |
| Total assets | CN¥2.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603330's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥984.0M).
Long Term Liabilities: 603330's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥255.1M).
Debt to Equity History and Analysis
Debt Level: 603330's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: 603330's debt to equity ratio has reduced from 46.5% to 44.8% over the past 5 years.
Debt Coverage: 603330's debt is not well covered by operating cash flow (0.4%).
Interest Coverage: Insufficient data to determine if 603330'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 | 2024/12/27 13:15 |
| End of Day Share Price | 2024/12/27 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tianyang New Materials (Shanghai) Technology Co., Ltd. is covered by 3 analysts. 1 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 |
|---|---|
| null null | China International Capital Corporation Limited |
| Peihang Lyu | China International Capital Corporation Limited |
| Rui Bin Dong | China Merchants Securities Co. Ltd. |