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¥1.1B and total debt of CN¥330.8M, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are CN¥1.9B and CN¥881.7M respectively. Qingdao Hi-Tech Moulds & Plastics Technology's EBIT is CN¥33.2M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥416.3M.
Key information
31.3%
Debt to equity ratio
CN¥330.77m
Debt
| Interest coverage ratio | 1.6x |
| Cash | CN¥416.30m |
| Equity | CN¥1.06b |
| Total liabilities | CN¥881.70m |
| Total assets | CN¥1.94b |
Recent financial health updates
No updates
Recent updates
There Are Reasons To Feel Uneasy About Qingdao Hi-Tech Moulds & Plastics Technology's (SZSE:301022) Returns On Capital
Dec 23
Qingdao Hi-Tech Moulds & Plastics Technology's (SZSE:301022) Soft Earnings Are Actually Better Than They Appear
Nov 05Subdued Growth No Barrier To Qingdao Hi-Tech Moulds & Plastics Technology Co., Ltd.'s (SZSE:301022) Price
Oct 05More Unpleasant Surprises Could Be In Store For Qingdao Hi-Tech Moulds & Plastics Technology Co., Ltd.'s (SZSE:301022) Shares After Tumbling 27%
Jun 06Qingdao Hi-Tech Moulds & Plastics Technology (SZSE:301022) Is Paying Out Less In Dividends Than Last Year
May 26Earnings Troubles May Signal Larger Issues for Qingdao Hi-Tech Moulds & Plastics Technology (SZSE:301022) Shareholders
Apr 29Qingdao Hi-Tech Moulds & Plastics Technology Co., Ltd.'s (SZSE:301022) 58% Price Boost Is Out Of Tune With Revenues
Apr 01Revenues Not Telling The Story For Qingdao Hi-Tech Moulds & Plastics Technology Co., Ltd. (SZSE:301022) After Shares Rise 58%
Apr 01Financial Position Analysis
Short Term Liabilities: 301022's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥559.7M).
Long Term Liabilities: 301022's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥322.0M).
Debt to Equity History and Analysis
Debt Level: 301022 has more cash than its total debt.
Reducing Debt: 301022 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 301022's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: 301022's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 05:13 |
| End of Day Share Price | 2025/01/10 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
Qingdao Hi-Tech Moulds & Plastics Technology Co., Ltd. is covered by 0 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 |
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