Zhejiang Jiecang Linear Motion TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Jiecang Linear Motion TechnologyLtd has a total shareholder equity of CN¥4.4B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are CN¥6.6B and CN¥2.2B respectively. Zhejiang Jiecang Linear Motion TechnologyLtd's EBIT is CN¥384.8M making its interest coverage ratio -19.5. It has cash and short-term investments of CN¥2.4B.
Key information
24.6%
Debt to equity ratio
CN¥1.07b
Debt
| Interest coverage ratio | -19.5x |
| Cash | CN¥2.38b |
| Equity | CN¥4.35b |
| Total liabilities | CN¥2.23b |
| Total assets | CN¥6.58b |
Recent financial health updates
Recent updates
Here's What's Concerning About Zhejiang Jiecang Linear Motion TechnologyLtd's (SHSE:603583) Returns On Capital
Dec 19
Why Zhejiang Jiecang Linear Motion Technology Co.,Ltd. (SHSE:603583) Could Be Worth Watching
Nov 27Even With A 25% Surge, Cautious Investors Are Not Rewarding Zhejiang Jiecang Linear Motion Technology Co.,Ltd.'s (SHSE:603583) Performance Completely
Nov 12Shareholders Will Be Pleased With The Quality of Zhejiang Jiecang Linear Motion TechnologyLtd's (SHSE:603583) Earnings
Nov 04Investors Continue Waiting On Sidelines For Zhejiang Jiecang Linear Motion Technology Co.,Ltd. (SHSE:603583)
Sep 12Here's What's Concerning About Zhejiang Jiecang Linear Motion TechnologyLtd's (SHSE:603583) Returns On Capital
Aug 08Is Zhejiang Jiecang Linear Motion TechnologyLtd (SHSE:603583) A Risky Investment?
Jun 06There May Be Some Bright Spots In Zhejiang Jiecang Linear Motion TechnologyLtd's (SHSE:603583) Earnings
May 01Zhejiang Jiecang Linear Motion Technology Co.,Ltd. (SHSE:603583) Looks Just Right With A 26% Price Jump
Apr 25Is There Now An Opportunity In Zhejiang Jiecang Linear Motion Technology Co.,Ltd. (SHSE:603583)?
Apr 12The Market Lifts Zhejiang Jiecang Linear Motion Technology Co.,Ltd. (SHSE:603583) Shares 30% But It Can Do More
Mar 06Zhejiang Jiecang Linear Motion TechnologyLtd (SHSE:603583) Will Be Hoping To Turn Its Returns On Capital Around
Feb 28Financial Position Analysis
Short Term Liabilities: 603583's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 603583's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥187.5M).
Debt to Equity History and Analysis
Debt Level: 603583 has more cash than its total debt.
Reducing Debt: 603583's debt to equity ratio has increased from 0% to 24.6% over the past 5 years.
Debt Coverage: 603583's debt is well covered by operating cash flow (69.2%).
Interest Coverage: 603583 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 | 2024/12/20 10:01 |
| End of Day Share Price | 2024/12/20 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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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
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. is covered by 7 analysts. 4 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 |
|---|---|
| Jian Ding | China International Capital Corporation Limited |
| Haibo Liu | Citic Securities Co., Ltd. |
| Xiang Huang | Credit Suisse |