ChengDu Hi-Tech Development Co., Ltd.

SZSE:000628 Stock Report

Market Cap: CN¥22.3b

ChengDu Hi-Tech Development Balance Sheet Health

Financial Health criteria checks 3/6

ChengDu Hi-Tech Development has a total shareholder equity of CN¥2.2B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 136.5%. Its total assets and total liabilities are CN¥13.6B and CN¥11.4B respectively. ChengDu Hi-Tech Development's EBIT is CN¥378.2M making its interest coverage ratio 6.2. It has cash and short-term investments of CN¥597.3M.

Key information

136.5%

Debt to equity ratio

CN¥3.04b

Debt

Interest coverage ratio6.2x
CashCN¥597.27m
EquityCN¥2.23b
Total liabilitiesCN¥11.39b
Total assetsCN¥13.61b

Recent financial health updates

Is ChengDu Hi-Tech Development (SZSE:000628) Using Too Much Debt?

Dec 22
Is ChengDu Hi-Tech Development (SZSE:000628) Using Too Much Debt?

ChengDu Hi-Tech Development (SZSE:000628) Has A Pretty Healthy Balance Sheet

Aug 21
ChengDu Hi-Tech Development (SZSE:000628) Has A Pretty Healthy Balance Sheet

ChengDu Hi-Tech Development (SZSE:000628) Seems To Use Debt Quite Sensibly

May 22
ChengDu Hi-Tech Development (SZSE:000628) Seems To Use Debt Quite Sensibly

Recent updates

Is ChengDu Hi-Tech Development (SZSE:000628) Using Too Much Debt?

Dec 22
Is ChengDu Hi-Tech Development (SZSE:000628) Using Too Much Debt?

Does ChengDu Hi-Tech Development (SZSE:000628) Deserve A Spot On Your Watchlist?

Oct 19
Does ChengDu Hi-Tech Development (SZSE:000628) Deserve A Spot On Your Watchlist?

ChengDu Hi-Tech Development Co., Ltd.'s (SZSE:000628) 27% Price Boost Is Out Of Tune With Earnings

Sep 27
ChengDu Hi-Tech Development Co., Ltd.'s (SZSE:000628) 27% Price Boost Is Out Of Tune With Earnings

ChengDu Hi-Tech Development (SZSE:000628) Has A Pretty Healthy Balance Sheet

Aug 21
ChengDu Hi-Tech Development (SZSE:000628) Has A Pretty Healthy Balance Sheet

ChengDu Hi-Tech Development Co., Ltd.'s (SZSE:000628) Popularity With Investors Is Under Threat From Overpricing

Jul 25
ChengDu Hi-Tech Development Co., Ltd.'s (SZSE:000628) Popularity With Investors Is Under Threat From Overpricing

Is Now The Time To Put ChengDu Hi-Tech Development (SZSE:000628) On Your Watchlist?

Jul 03
Is Now The Time To Put ChengDu Hi-Tech Development (SZSE:000628) On Your Watchlist?

ChengDu Hi-Tech Development (SZSE:000628) Seems To Use Debt Quite Sensibly

May 22
ChengDu Hi-Tech Development (SZSE:000628) Seems To Use Debt Quite Sensibly

ChengDu Hi-Tech Development Co., Ltd.'s (SZSE:000628) 33% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio

Apr 14
ChengDu Hi-Tech Development Co., Ltd.'s (SZSE:000628) 33% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio

ChengDu Hi-Tech Development's (SZSE:000628) Earnings Are Of Questionable Quality

Apr 01
ChengDu Hi-Tech Development's (SZSE:000628) Earnings Are Of Questionable Quality

Optimistic Investors Push ChengDu Hi-Tech Development Co., Ltd. (SZSE:000628) Shares Up 40% But Growth Is Lacking

Feb 26
Optimistic Investors Push ChengDu Hi-Tech Development Co., Ltd. (SZSE:000628) Shares Up 40% But Growth Is Lacking

Financial Position Analysis

Short Term Liabilities: 000628's short term assets (CN¥11.6B) exceed its short term liabilities (CN¥9.4B).

Long Term Liabilities: 000628's short term assets (CN¥11.6B) exceed its long term liabilities (CN¥2.0B).

Debt to Equity History and Analysis

Debt Level: 000628's net debt to equity ratio (109.7%) is considered high.

Reducing Debt: 000628's debt to equity ratio has increased from 64.4% to 136.5% over the past 5 years.

Debt Coverage: 000628's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 000628's interest payments on its debt are well covered by EBIT (6.2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 21:28
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

ChengDu Hi-Tech Development Co., Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Xiao TangTianfeng Securities Brokerage Co., Ltd