Quick Intelligent EquipmentLtd Balance Sheet Health
Financial Health criteria checks 5/6
Quick Intelligent EquipmentLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥7.2M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥1.8B and CN¥400.5M respectively. Quick Intelligent EquipmentLtd's EBIT is CN¥184.0M making its interest coverage ratio -8.8. It has cash and short-term investments of CN¥857.4M.
Key information
0.5%
Debt to equity ratio
CN¥7.20m
Debt
Interest coverage ratio | -8.8x |
Cash | CN¥857.40m |
Equity | CN¥1.45b |
Total liabilities | CN¥400.54m |
Total assets | CN¥1.85b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603203's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥370.8M).
Long Term Liabilities: 603203's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥29.7M).
Debt to Equity History and Analysis
Debt Level: 603203 has more cash than its total debt.
Reducing Debt: 603203's debt to equity ratio has increased from 0% to 0.5% over the past 5 years.
Debt Coverage: 603203's debt is well covered by operating cash flow (2902.7%).
Interest Coverage: 603203 earns more interest than it pays, so coverage of interest payments is not a concern.