ShenZhen QiangRui Precision Technology Balance Sheet Health
Financial Health criteria checks 6/6
ShenZhen QiangRui Precision Technology has a total shareholder equity of CN¥874.8M and total debt of CN¥26.9M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are CN¥1.2B and CN¥313.5M respectively. ShenZhen QiangRui Precision Technology's EBIT is CN¥77.5M making its interest coverage ratio -12.2. It has cash and short-term investments of CN¥414.5M.
Key information
3.1%
Debt to equity ratio
CN¥26.95m
Debt
Interest coverage ratio | -12.2x |
Cash | CN¥414.52m |
Equity | CN¥874.84m |
Total liabilities | CN¥313.50m |
Total assets | CN¥1.19b |
Financial Position Analysis
Short Term Liabilities: 301128's short term assets (CN¥893.6M) exceed its short term liabilities (CN¥239.1M).
Long Term Liabilities: 301128's short term assets (CN¥893.6M) exceed its long term liabilities (CN¥74.4M).
Debt to Equity History and Analysis
Debt Level: 301128 has more cash than its total debt.
Reducing Debt: 301128's debt to equity ratio has reduced from 16.6% to 3.1% over the past 5 years.
Debt Coverage: 301128's debt is well covered by operating cash flow (39.6%).
Interest Coverage: 301128 earns more interest than it pays, so coverage of interest payments is not a concern.