Qian Jiang Water Resources DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 1/6
Qian Jiang Water Resources DevelopmentLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 108.5%. Its total assets and total liabilities are CN¥9.3B and CN¥6.1B respectively. Qian Jiang Water Resources DevelopmentLtd's EBIT is CN¥361.0M making its interest coverage ratio 8.6. It has cash and short-term investments of CN¥681.2M.
Key information
108.5%
Debt to equity ratio
CN¥3.44b
Debt
| Interest coverage ratio | 8.6x |
| Cash | CN¥681.19m |
| Equity | CN¥3.17b |
| Total liabilities | CN¥6.09b |
| Total assets | CN¥9.26b |
Recent financial health updates
Recent updates
Is Qian Jiang Water Resources DevelopmentLtd (SHSE:600283) A Risky Investment?
Nov 28
Solid Earnings May Not Tell The Whole Story For Qian Jiang Water Resources DevelopmentLtd (SHSE:600283)
Nov 05There's Been No Shortage Of Growth Recently For Qian Jiang Water Resources DevelopmentLtd's (SHSE:600283) Returns On Capital
Oct 01Qian Jiang Water Resources DevelopmentLtd's (SHSE:600283) Problems Go Beyond Weak Profit
May 06Financial Position Analysis
Short Term Liabilities: 600283's short term assets (CN¥2.3B) do not cover its short term liabilities (CN¥3.5B).
Long Term Liabilities: 600283's short term assets (CN¥2.3B) do not cover its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 600283's net debt to equity ratio (87.1%) is considered high.
Reducing Debt: 600283's debt to equity ratio has increased from 42.3% to 108.5% over the past 5 years.
Debt Coverage: 600283's debt is not well covered by operating cash flow (10.3%).
Interest Coverage: 600283's interest payments on its debt are well covered by EBIT (8.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 10:10 |
| End of Day Share Price | 2024/12/24 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
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Analyst Sources
Qian Jiang Water Resources Development Co.,Ltd is covered by 2 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 |
|---|---|
| Jun Liu | Changjiang Securities Co. LTD. |
| Junjie Gong | Guodu Securities Co. |