Ningbo Changhong Polymer Scientific and Technical Balance Sheet Health
Financial Health criteria checks 1/6
Ningbo Changhong Polymer Scientific and Technical has a total shareholder equity of CN¥2.0B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 122%. Its total assets and total liabilities are CN¥5.0B and CN¥3.0B respectively. Ningbo Changhong Polymer Scientific and Technical's EBIT is CN¥44.2M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥445.5M.
Key information
122.0%
Debt to equity ratio
CN¥2.45b
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥445.52m |
| Equity | CN¥2.00b |
| Total liabilities | CN¥3.00b |
| Total assets | CN¥5.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605008's short term assets (CN¥1.6B) do not cover its short term liabilities (CN¥2.2B).
Long Term Liabilities: 605008's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥786.2M).
Debt to Equity History and Analysis
Debt Level: 605008's net debt to equity ratio (99.8%) is considered high.
Reducing Debt: 605008's debt to equity ratio has increased from 14.6% to 122% over the past 5 years.
Debt Coverage: 605008's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: 605008's interest payments on its debt are not well covered by EBIT (0.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 07:42 |
| 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
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Analyst Sources
Ningbo Changhong Polymer Scientific and Technical Inc. is covered by 5 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 |
|---|---|
| Di Wu | China International Capital Corporation Limited |
| Zheng Zhou | China Merchants Securities Co. Ltd. |
| Zhe Wang | Citic Securities Co., Ltd. |