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 |
| Cash | CN¥6.29b |
| Equity | CN¥19.31b |
| Total liabilities | CN¥3.73b |
| Total assets | CN¥23.04b |
Recent financial health updates
Chaozhou Three-Circle (Group)Ltd (SZSE:300408) Has A Rock Solid Balance Sheet
Nov 21
Does Chaozhou Three-Circle (Group)Ltd (SZSE:300408) Have A Healthy Balance Sheet?
Jul 21Recent updates
Is It Too Late To Consider Buying Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408)?
Dec 22Chaozhou Three-Circle (Group)Ltd (SZSE:300408) Has A Rock Solid Balance Sheet
Nov 21Chaozhou Three-Circle (Group)Ltd's (SZSE:300408) Solid Profits Have Weak Fundamentals
Nov 05Here's What's Concerning About Chaozhou Three-Circle (Group)Ltd's (SZSE:300408) Returns On Capital
Oct 24Optimistic Investors Push Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Shares Up 37% But Growth Is Lacking
Oct 08Should You Think About Buying Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Now?
Aug 21Does Chaozhou Three-Circle (Group)Ltd (SZSE:300408) Have A Healthy Balance Sheet?
Jul 21Chaozhou Three-Circle (Group) Co.,Ltd.'s (SZSE:300408) Price Is Out Of Tune With Earnings
Jun 26Capital Allocation Trends At Chaozhou Three-Circle (Group)Ltd (SZSE:300408) Aren't Ideal
May 21Concerns Surrounding Chaozhou Three-Circle (Group)Ltd's (SZSE:300408) Performance
May 03Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Not Lagging Market On Growth Or Pricing
Feb 27Financial 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
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 09:45 |
| End of Day Share Price | 2024/12/26 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
Chaozhou Three-Circle (Group) Co.,Ltd. is covered by 15 analysts. 9 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 |
|---|---|
| Wen Yu Mo | Changjiang Securities Co. LTD. |
| Chen He | Chasing Securities |
| Chi Man Wong | China Galaxy International Securities (Hong Kong) |