Shenzhen Gongjin Electronics Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Gongjin Electronics has a total shareholder equity of CN¥5.0B and total debt of CN¥450.1M, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are CN¥9.3B and CN¥4.3B respectively. Shenzhen Gongjin Electronics's EBIT is CN¥90.3M making its interest coverage ratio -3.3. It has cash and short-term investments of CN¥2.0B.
Key information
8.9%
Debt to equity ratio
CN¥450.11m
Debt
| Interest coverage ratio | -3.3x |
| Cash | CN¥2.05b |
| Equity | CN¥5.05b |
| Total liabilities | CN¥4.30b |
| Total assets | CN¥9.34b |
Recent financial health updates
Is Shenzhen Gongjin Electronics (SHSE:603118) Using Too Much Debt?
Dec 20
Does Shenzhen Gongjin Electronics (SHSE:603118) Have A Healthy Balance Sheet?
Sep 19Shenzhen Gongjin Electronics (SHSE:603118) Has A Somewhat Strained Balance Sheet
May 21Recent updates
Is Shenzhen Gongjin Electronics (SHSE:603118) Using Too Much Debt?
Dec 20Shenzhen Gongjin Electronics Co., Ltd.'s (SHSE:603118) Shares Bounce 28% But Its Business Still Trails The Industry
Nov 11Does Shenzhen Gongjin Electronics (SHSE:603118) Have A Healthy Balance Sheet?
Sep 19Shenzhen Gongjin Electronics Co., Ltd. (SHSE:603118) Shares Fly 26% But Investors Aren't Buying For Growth
Aug 23Shenzhen Gongjin Electronics (SHSE:603118) Is Finding It Tricky To Allocate Its Capital
Jul 16The Market Doesn't Like What It Sees From Shenzhen Gongjin Electronics Co., Ltd.'s (SHSE:603118) Revenues Yet
Jun 19Shenzhen Gongjin Electronics (SHSE:603118) Has A Somewhat Strained Balance Sheet
May 21Sentiment Still Eluding Shenzhen Gongjin Electronics Co., Ltd. (SHSE:603118)
Feb 27Financial Position Analysis
Short Term Liabilities: 603118's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: 603118's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥159.1M).
Debt to Equity History and Analysis
Debt Level: 603118 has more cash than its total debt.
Reducing Debt: 603118's debt to equity ratio has reduced from 17.8% to 8.9% over the past 5 years.
Debt Coverage: 603118's debt is well covered by operating cash flow (48.9%).
Interest Coverage: 603118 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 03:17 |
| End of Day Share Price | 2024/12/25 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
Shenzhen Gongjin Electronics 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 |
|---|---|
| Liangbi Zhao | China Galaxy Securities Co., Ltd. |
| Tianyi Ma | Minsheng Securities Co. |
| Tanghai Qing | Tianfeng Securities Brokerage Co., Ltd |