China Chengtong Development Group Balance Sheet Health
Financial Health criteria checks 4/6
China Chengtong Development Group has a total shareholder equity of HK$2.8B and total debt of HK$5.4B, which brings its debt-to-equity ratio to 194.2%. Its total assets and total liabilities are HK$8.9B and HK$6.1B respectively. China Chengtong Development Group's EBIT is HK$123.8M making its interest coverage ratio 11.9. It has cash and short-term investments of HK$966.7M.
Key information
194.2%
Debt to equity ratio
HK$5.40b
Debt
| Interest coverage ratio | 11.9x |
| Cash | HK$966.69m |
| Equity | HK$2.78b |
| Total liabilities | HK$6.08b |
| Total assets | HK$8.85b |
Recent financial health updates
No updates
Recent updates
Earnings Not Telling The Story For China Chengtong Development Group Limited (HKG:217) After Shares Rise 38%
Oct 02
There May Be Some Bright Spots In China Chengtong Development Group's (HKG:217) Earnings
Sep 20China Chengtong Development Group Limited (HKG:217) Investors Are Less Pessimistic Than Expected
Jun 27China Chengtong Development Group (HKG:217) Shareholders Will Want The ROCE Trajectory To Continue
Aug 27Investors Will Want China Chengtong Development Group's (HKG:217) Growth In ROCE To Persist
Feb 28China Chengtong Development Group (HKG:217) Is Doing The Right Things To Multiply Its Share Price
Nov 22Returns Are Gaining Momentum At China Chengtong Development Group (HKG:217)
Dec 07Returns On Capital Are Showing Encouraging Signs At China Chengtong Development Group (HKG:217)
Jul 27China Chengtong Development Group (HKG:217) Shareholders Will Want The ROCE Trajectory To Continue
Apr 19China Chengtong Development Group (HKG:217) Share Prices Have Dropped 75% In The Last Five Years
Mar 15What Do The Returns At China Chengtong Development Group (HKG:217) Mean Going Forward?
Jan 03China Chengtong Development Group (HKG:217) Share Prices Have Dropped 78% In The Last Five Years
Dec 06
Financial Position Analysis
Short Term Liabilities: 217's short term assets (HK$4.6B) exceed its short term liabilities (HK$3.4B).
Long Term Liabilities: 217's short term assets (HK$4.6B) exceed its long term liabilities (HK$2.7B).
Debt to Equity History and Analysis
Debt Level: 217's net debt to equity ratio (159.4%) is considered high.
Reducing Debt: 217's debt to equity ratio has increased from 6.7% to 194.2% over the past 5 years.
Debt Coverage: 217's debt is well covered by operating cash flow (44.6%).
Interest Coverage: 217's interest payments on its debt are well covered by EBIT (11.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 12:42 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/06/30 |
| 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
China Chengtong Development Group Limited is covered by 1 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 |
|---|---|
| Gajanan Polawar | Virtua Research Inc. |