Zhonghang Electronic Measuring InstrumentsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhonghang Electronic Measuring InstrumentsLtd has a total shareholder equity of CN¥2.5B and total debt of CN¥635.4M, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are CN¥4.1B and CN¥1.6B respectively. Zhonghang Electronic Measuring InstrumentsLtd's EBIT is CN¥65.1M making its interest coverage ratio -5.4. It has cash and short-term investments of CN¥296.6M.
Key information
25.1%
Debt to equity ratio
CN¥635.35m
Debt
| Interest coverage ratio | -5.4x |
| Cash | CN¥296.56m |
| Equity | CN¥2.53b |
| Total liabilities | CN¥1.60b |
| Total assets | CN¥4.14b |
Recent financial health updates
Recent updates
Some Zhonghang Electronic Measuring Instruments Co.,Ltd (SZSE:300114) Shareholders Look For Exit As Shares Take 27% Pounding
Dec 05
There's Reason For Concern Over Zhonghang Electronic Measuring Instruments Co.,Ltd's (SZSE:300114) Massive 26% Price Jump
Sep 30Zhonghang Electronic Measuring InstrumentsLtd (SZSE:300114) Takes On Some Risk With Its Use Of Debt
Sep 23Zhonghang Electronic Measuring Instruments Co.,Ltd's (SZSE:300114) Business Is Yet to Catch Up With Its Share Price
Jun 20We Think That There Are Some Issues For Zhonghang Electronic Measuring InstrumentsLtd (SZSE:300114) Beyond Its Promising Earnings
May 02Financial Position Analysis
Short Term Liabilities: 300114's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 300114's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥563.5M).
Debt to Equity History and Analysis
Debt Level: 300114's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: 300114's debt to equity ratio has increased from 0% to 25.1% over the past 5 years.
Debt Coverage: 300114's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300114 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 01:27 |
| 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhonghang Electronic Measuring Instruments Co.,Ltd 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 |
|---|---|
| Liang Li | China Galaxy Securities Co., Ltd. |
| Chao Wang | China Merchants Securities Co. Ltd. |
| Nianchun Wang | Guosen Securities Co., Ltd. |