Chaozhou Three-Circle (Group) Co.,Ltd.

SZSE:300408 Stock Report

Market Cap: CN¥69.7b

Chaozhou Three-Circle (Group)Ltd Balance Sheet Health

Financial Health criteria checks 5/6

Chaozhou Three-Circle (Group)Ltd has a total shareholder equity of CN¥19.3B and total debt of CN¥397.1M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥23.0B and CN¥3.7B respectively. Chaozhou Three-Circle (Group)Ltd's EBIT is CN¥1.8B making its interest coverage ratio -9.5. It has cash and short-term investments of CN¥6.3B.

Key information

2.1%

Debt to equity ratio

CN¥397.08m

Debt

Interest coverage ratio-9.5x
CashCN¥6.29b
EquityCN¥19.31b
Total liabilitiesCN¥3.73b
Total assetsCN¥23.04b

Recent financial health updates

Recent updates

Here's What's Concerning About Chaozhou Three-Circle (Group)Ltd's (SZSE:300408) Returns On Capital

Oct 24
Here's What's Concerning About Chaozhou Three-Circle (Group)Ltd's (SZSE:300408) Returns On Capital

Optimistic Investors Push Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Shares Up 37% But Growth Is Lacking

Oct 08
Optimistic Investors Push Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Shares Up 37% But Growth Is Lacking

Should You Think About Buying Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Now?

Aug 21
Should You Think About Buying Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Now?

Does Chaozhou Three-Circle (Group)Ltd (SZSE:300408) Have A Healthy Balance Sheet?

Jul 21
Does Chaozhou Three-Circle (Group)Ltd (SZSE:300408) Have A Healthy Balance Sheet?

Chaozhou Three-Circle (Group) Co.,Ltd.'s (SZSE:300408) Price Is Out Of Tune With Earnings

Jun 26
Chaozhou Three-Circle (Group) Co.,Ltd.'s (SZSE:300408) Price Is Out Of Tune With Earnings

Capital Allocation Trends At Chaozhou Three-Circle (Group)Ltd (SZSE:300408) Aren't Ideal

May 21
Capital Allocation Trends At Chaozhou Three-Circle (Group)Ltd (SZSE:300408) Aren't Ideal

Concerns Surrounding Chaozhou Three-Circle (Group)Ltd's (SZSE:300408) Performance

May 03
Concerns Surrounding Chaozhou Three-Circle (Group)Ltd's (SZSE:300408) Performance

Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Not Lagging Market On Growth Or Pricing

Feb 27
Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Not Lagging Market On Growth Or Pricing

Financial Position Analysis

Short Term Liabilities: 300408's short term assets (CN¥11.6B) exceed its short term liabilities (CN¥2.4B).

Long Term Liabilities: 300408's short term assets (CN¥11.6B) exceed its long term liabilities (CN¥1.3B).


Debt to Equity History and Analysis

Debt Level: 300408 has more cash than its total debt.

Reducing Debt: 300408's debt to equity ratio has increased from 1.2% to 2.1% over the past 5 years.

Debt Coverage: 300408's debt is well covered by operating cash flow (527.8%).

Interest Coverage: 300408 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies