Qingdao Hi-Tech Moulds & Plastics Technology Balance Sheet Health
Financial Health criteria checks 4/6
Qingdao Hi-Tech Moulds & Plastics Technology has a total shareholder equity of CN¥1.0B and total debt of CN¥304.8M, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are CN¥1.9B and CN¥878.8M respectively. Qingdao Hi-Tech Moulds & Plastics Technology's EBIT is CN¥69.0M making its interest coverage ratio -11.8. It has cash and short-term investments of CN¥440.8M.
Key information
30.3%
Debt to equity ratio
CN¥304.82m
Debt
| Interest coverage ratio | -11.8x |
| Cash | CN¥440.81m |
| Equity | CN¥1.01b |
| Total liabilities | CN¥878.79m |
| Total assets | CN¥1.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301022's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥542.8M).
Long Term Liabilities: 301022's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥336.0M).
Debt to Equity History and Analysis
Debt Level: 301022 has more cash than its total debt.
Reducing Debt: 301022's debt to equity ratio has increased from 0.09% to 30.3% over the past 5 years.
Debt Coverage: 301022's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301022 earns more interest than it pays, so coverage of interest payments is not a concern.