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
Do Qingdao TGOOD Electric's (SZSE:300001) Earnings Warrant Your Attention?
Nov 29
Qingdao TGOOD Electric Co., Ltd. (SZSE:300001) Looks Just Right With A 41% Price Jump
Oct 08Investors 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 02:28 |
| End of Day Share Price | 2024/12/23 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 TGOOD Electric Co., Ltd. is covered by 19 analysts. 12 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 |
|---|---|
| Yikai Liu | BofA Global Research |
| Haolong Deng | Changjiang Securities Co. LTD. |
| Yingdong Wang | China International Capital Corporation Limited |