Chongqing Zaisheng Technology Balance Sheet Health
Financial Health criteria checks 6/6
Chongqing Zaisheng Technology has a total shareholder equity of CN¥2.3B and total debt of CN¥458.8M, which brings its debt-to-equity ratio to 19.9%. Its total assets and total liabilities are CN¥3.2B and CN¥848.3M respectively. Chongqing Zaisheng Technology's EBIT is CN¥47.8M making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥706.6M.
Key information
19.9%
Debt to equity ratio
CN¥458.82m
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥706.63m |
| Equity | CN¥2.31b |
| Total liabilities | CN¥848.26m |
| Total assets | CN¥3.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603601's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥286.2M).
Long Term Liabilities: 603601's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥562.1M).
Debt to Equity History and Analysis
Debt Level: 603601 has more cash than its total debt.
Reducing Debt: 603601's debt to equity ratio has reduced from 25.8% to 19.9% over the past 5 years.
Debt Coverage: 603601's debt is well covered by operating cash flow (22.3%).
Interest Coverage: 603601's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 11:08 |
| 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
Chongqing Zaisheng Technology Co., Ltd. is covered by 10 analysts. 3 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 |
|---|---|
| Chao Fan | Changjiang Securities Co. LTD. |
| Liang Long | Chasing Securities |
| Zheng Zhou | China Merchants Securities Co. Ltd. |