Milkyway Chemical Supply Chain ServiceLtd Balance Sheet Health
Financial Health criteria checks 3/6
Milkyway Chemical Supply Chain ServiceLtd has a total shareholder equity of CN¥4.8B and total debt of CN¥5.0B, which brings its debt-to-equity ratio to 104%. Its total assets and total liabilities are CN¥12.5B and CN¥7.7B respectively. Milkyway Chemical Supply Chain ServiceLtd's EBIT is CN¥807.1M making its interest coverage ratio 6.1. It has cash and short-term investments of CN¥1.5B.
Key information
104.0%
Debt to equity ratio
CN¥5.01b
Debt
| Interest coverage ratio | 6.1x |
| Cash | CN¥1.50b |
| Equity | CN¥4.81b |
| Total liabilities | CN¥7.72b |
| Total assets | CN¥12.53b |
Recent financial health updates
Is Milkyway Chemical Supply Chain ServiceLtd (SHSE:603713) A Risky Investment?
Sep 24
Milkyway Chemical Supply Chain ServiceLtd (SHSE:603713) Has A Somewhat Strained Balance Sheet
Jun 26Is Milkyway Chemical Supply Chain ServiceLtd (SHSE:603713) Using Too Much Debt?
Mar 22Recent updates
Milkyway Chemical Supply Chain ServiceLtd (SHSE:603713) Hasn't Managed To Accelerate Its Returns
Nov 07Milkyway Chemical Supply Chain Service Co.,Ltd Just Beat Revenue Estimates By 18%
Oct 18Milkyway Chemical Supply Chain Service Co.,Ltd (SHSE:603713) Stock Rockets 34% But Many Are Still Ignoring The Company
Oct 01Is Milkyway Chemical Supply Chain ServiceLtd (SHSE:603713) A Risky Investment?
Sep 24Milkyway Chemical Supply Chain ServiceLtd's (SHSE:603713) Weak Earnings May Only Reveal A Part Of The Whole Picture
Aug 11Here's What Analysts Are Forecasting For Milkyway Chemical Supply Chain Service Co.,Ltd (SHSE:603713) After Its Second-Quarter Results
Aug 05The Market Doesn't Like What It Sees From Milkyway Chemical Supply Chain Service Co.,Ltd's (SHSE:603713) Earnings Yet As Shares Tumble 27%
Jul 05Milkyway Chemical Supply Chain ServiceLtd (SHSE:603713) Has A Somewhat Strained Balance Sheet
Jun 26Milkyway Chemical Supply Chain ServiceLtd's (SHSE:603713) Returns Have Hit A Wall
Jun 07Milkyway Chemical Supply Chain Service Co.,Ltd's (SHSE:603713) Share Price Boosted 27% But Its Business Prospects Need A Lift Too
May 20Earnings Report: Milkyway Chemical Supply Chain Service Co.,Ltd Missed Revenue Estimates By 6.2%
Apr 16Is Milkyway Chemical Supply Chain ServiceLtd (SHSE:603713) Using Too Much Debt?
Mar 22Milkyway Chemical Supply Chain Service Co.,Ltd (SHSE:603713) Soars 28% But It's A Story Of Risk Vs Reward
Mar 04Financial Position Analysis
Short Term Liabilities: 603713's short term assets (CN¥6.9B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 603713's short term assets (CN¥6.9B) exceed its long term liabilities (CN¥2.3B).
Debt to Equity History and Analysis
Debt Level: 603713's net debt to equity ratio (72.8%) is considered high.
Reducing Debt: 603713's debt to equity ratio has increased from 26.6% to 104% over the past 5 years.
Debt Coverage: 603713's debt is not well covered by operating cash flow (2.9%).
Interest Coverage: 603713's interest payments on its debt are well covered by EBIT (6.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 19:45 |
| End of Day Share Price | 2024/12/23 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
Milkyway Chemical Supply Chain Service Co.,Ltd is covered by 14 analysts. 7 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 |
|---|---|
| Fan Tso | BofA Global Research |
| Xin Yang | China International Capital Corporation Limited |
| Baoliang Su | China Merchants Securities Co. Ltd. |