Shanghai QiFan Cable Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai QiFan Cable has a total shareholder equity of CN¥4.7B and total debt of CN¥6.0B, which brings its debt-to-equity ratio to 127.8%. Its total assets and total liabilities are CN¥13.7B and CN¥9.0B respectively. Shanghai QiFan Cable's EBIT is CN¥548.8M making its interest coverage ratio 3.3. It has cash and short-term investments of CN¥1.4B.
Key information
127.8%
Debt to equity ratio
CN¥6.01b
Debt
| Interest coverage ratio | 3.3x |
| Cash | CN¥1.41b |
| Equity | CN¥4.70b |
| Total liabilities | CN¥9.02b |
| Total assets | CN¥13.72b |
Recent financial health updates
Recent updates
Shanghai QiFan Cable (SHSE:605222) Will Be Hoping To Turn Its Returns On Capital Around
Sep 27
Investors Continue Waiting On Sidelines For Shanghai QiFan Cable Co., Ltd (SHSE:605222)
Aug 25Shanghai QiFan Cable (SHSE:605222) Takes On Some Risk With Its Use Of Debt
Apr 29Concerns Surrounding Shanghai QiFan Cable's (SHSE:605222) Performance
Apr 03Financial Position Analysis
Short Term Liabilities: 605222's short term assets (CN¥11.1B) exceed its short term liabilities (CN¥7.5B).
Long Term Liabilities: 605222's short term assets (CN¥11.1B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 605222's net debt to equity ratio (97.8%) is considered high.
Reducing Debt: 605222's debt to equity ratio has increased from 50.1% to 127.8% over the past 5 years.
Debt Coverage: 605222's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: 605222's interest payments on its debt are well covered by EBIT (3.3x coverage).