Shandong New Beiyang Information Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shandong New Beiyang Information Technology has a total shareholder equity of CN¥3.3B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are CN¥5.4B and CN¥2.2B respectively.
Key information
42.5%
Debt to equity ratio
CN¥1.38b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥644.90m |
| Equity | CN¥3.26b |
| Total liabilities | CN¥2.19b |
| Total assets | CN¥5.44b |
Recent financial health updates
Would Shandong New Beiyang Information Technology (SZSE:002376) Be Better Off With Less Debt?
Dec 30
Would Shandong New Beiyang Information Technology (SZSE:002376) Be Better Off With Less Debt?
Sep 30Recent updates
Would Shandong New Beiyang Information Technology (SZSE:002376) Be Better Off With Less Debt?
Dec 30We Think That There Are Issues Underlying Shandong New Beiyang Information Technology's (SZSE:002376) Earnings
Nov 04Shandong New Beiyang Information Technology Co., Ltd. (SZSE:002376) Surges 38% Yet Its Low P/S Is No Reason For Excitement
Oct 08Would Shandong New Beiyang Information Technology (SZSE:002376) Be Better Off With Less Debt?
Sep 30Shandong New Beiyang Information Technology (SZSE:002376) Is Posting Promising Earnings But The Good News Doesn’t Stop There
May 03Shandong New Beiyang Information Technology Co., Ltd.'s (SZSE:002376) Shares Bounce 29% But Its Business Still Trails The Industry
Mar 06Financial Position Analysis
Short Term Liabilities: 002376's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002376's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥913.9M).
Debt to Equity History and Analysis
Debt Level: 002376's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: 002376's debt to equity ratio has increased from 14.9% to 42.5% over the past 5 years.
Debt Coverage: 002376's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: Insufficient data to determine if 002376's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 07:50 |
| End of Day Share Price | 2025/01/10 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
Shandong New Beiyang Information Technology Co., Ltd. is covered by 16 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.
| Analyst | Institution |
|---|---|
| Yan Jing Wu | BOCI Research Ltd. |
| Xianwen Ma | Changjiang Securities Co. LTD. |
| Junjie Huang | China Investment Securities |