Qingdao Hi-Tech Moulds & Plastics Technology Balance Sheet Health
Financial Health criteria checks 3/6
Qingdao Hi-Tech Moulds & Plastics Technology has a total shareholder equity of CN¥1.0B and total debt of CN¥299.5M, which brings its debt-to-equity ratio to 29.8%. 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¥25.8M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥440.8M.
Key information
29.8%
Debt to equity ratio
CN¥299.50m
Debt
| Interest coverage ratio | 1.6x |
| Cash | CN¥440.81m |
| Equity | CN¥1.01b |
| Total liabilities | CN¥878.79m |
| Total assets | CN¥1.88b |
Recent financial health updates
No updates
Recent updates
More Unpleasant Surprises Could Be In Store For Qingdao Hi-Tech Moulds & Plastics Technology Co., Ltd.'s (SZSE:301022) Shares After Tumbling 27%
Jun 06
Qingdao 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¥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 29.8% over the past 5 years.
Debt Coverage: 301022's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301022's interest payments on its debt are not well covered by EBIT (1.6x coverage).