China New Town Development Balance Sheet Health
Financial Health criteria checks 5/6
China New Town Development has a total shareholder equity of CN¥4.7B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 48.7%. Its total assets and total liabilities are CN¥7.9B and CN¥3.2B respectively. China New Town Development's EBIT is CN¥308.7M making its interest coverage ratio 7.5. It has cash and short-term investments of CN¥3.1B.
Key information
48.7%
Debt to equity ratio
CN¥2.29b
Debt
| Interest coverage ratio | 7.5x |
| Cash | CN¥3.11b |
| Equity | CN¥4.70b |
| Total liabilities | CN¥3.21b |
| Total assets | CN¥7.91b |
Recent financial health updates
Is China New Town Development (HKG:1278) A Risky Investment?
Sep 29
Health Check: How Prudently Does China New Town Development (HKG:1278) Use Debt?
Dec 12China New Town Development (HKG:1278) Could Easily Take On More Debt
May 16Is China New Town Development (HKG:1278) Using Too Much Debt?
Aug 31Is China New Town Development (HKG:1278) Using Too Much Debt?
May 09China New Town Development (HKG:1278) Seems To Use Debt Quite Sensibly
Dec 10Recent updates
Is China New Town Development (HKG:1278) A Risky Investment?
Sep 29Estimating The Fair Value Of China New Town Development Company Limited (HKG:1278)
Jul 27Health Check: How Prudently Does China New Town Development (HKG:1278) Use Debt?
Dec 12China New Town Development (HKG:1278) Could Easily Take On More Debt
May 16Is China New Town Development (HKG:1278) Using Too Much Debt?
Aug 31Is China New Town Development (HKG:1278) Using Too Much Debt?
May 09China New Town Development (HKG:1278) Seems To Use Debt Quite Sensibly
Dec 10Is China New Town Development (HKG:1278) A Risky Investment?
Aug 09Here's Why China New Town Development (HKG:1278) Can Manage Its Debt Responsibly
Apr 05Is China New Town Development Company Limited (HKG:1278) Popular Amongst Insiders?
Mar 01If You Had Bought China New Town Development's (HKG:1278) Shares Three Years Ago You Would Be Down 53%
Jan 25China New Town Development (HKG:1278) Seems To Use Debt Quite Sensibly
Dec 21We're Not So Sure You Should Rely on China New Town Development's (HKG:1278) Statutory Earnings
Nov 30
Financial Position Analysis
Short Term Liabilities: 1278's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥936.5M).
Long Term Liabilities: 1278's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥2.3B).
Debt to Equity History and Analysis
Debt Level: 1278 has more cash than its total debt.
Reducing Debt: 1278's debt to equity ratio has reduced from 61.5% to 48.7% over the past 5 years.
Debt Coverage: 1278's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1278's interest payments on its debt are well covered by EBIT (7.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 12:26 |
| End of Day Share Price | 2024/12/20 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 New Town Development Company 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 |
|---|---|
| Xiaoxia Yang | Cinda International Research Limited |