Qingdao TGOOD Electric Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao TGOOD Electric has a total shareholder equity of CN¥7.9B and total debt of CN¥4.9B, which brings its debt-to-equity ratio to 62%. Its total assets and total liabilities are CN¥24.0B and CN¥16.1B respectively. Qingdao TGOOD Electric's EBIT is CN¥1.2B making its interest coverage ratio 10.1. It has cash and short-term investments of CN¥1.5B.
Key information
62.0%
Debt to equity ratio
CN¥4.89b
Debt
| Interest coverage ratio | 10.1x |
| Cash | CN¥1.54b |
| Equity | CN¥7.88b |
| Total liabilities | CN¥16.09b |
| Total assets | CN¥23.97b |
Recent financial health updates
Recent updates
Qingdao TGOOD Electric Co., Ltd. (SZSE:300001) Looks Just Right With A 41% Price Jump
Oct 08
Investors Will Want Qingdao TGOOD Electric's (SZSE:300001) Growth In ROCE To Persist
Sep 24Market Participants Recognise Qingdao TGOOD Electric Co., Ltd.'s (SZSE:300001) Earnings
Aug 19Should You Be Adding Qingdao TGOOD Electric (SZSE:300001) To Your Watchlist Today?
Jul 15Qingdao TGOOD Electric (SZSE:300001) Might Have The Makings Of A Multi-Bagger
May 31Here's Why We Think Qingdao TGOOD Electric (SZSE:300001) Is Well Worth Watching
Apr 08Market Participants Recognise Qingdao TGOOD Electric Co., Ltd.'s (SZSE:300001) Earnings Pushing Shares 30% Higher
Mar 06Qingdao TGOOD Electric (SZSE:300001) Has A Pretty Healthy Balance Sheet
Feb 28Financial Position Analysis
Short Term Liabilities: 300001's short term assets (CN¥15.2B) exceed its short term liabilities (CN¥13.1B).
Long Term Liabilities: 300001's short term assets (CN¥15.2B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 300001's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: 300001's debt to equity ratio has reduced from 126.1% to 62% over the past 5 years.
Debt Coverage: 300001's debt is well covered by operating cash flow (20.2%).
Interest Coverage: 300001's interest payments on its debt are well covered by EBIT (10.1x coverage).