ShenZhen QiangRui Precision Technology Balance Sheet Health
Financial Health criteria checks 5/6
ShenZhen QiangRui Precision Technology has a total shareholder equity of CN¥907.2M and total debt of CN¥30.0M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are CN¥1.4B and CN¥513.8M respectively. ShenZhen QiangRui Precision Technology's EBIT is CN¥103.5M making its interest coverage ratio -22.6. It has cash and short-term investments of CN¥309.8M.
Key information
3.3%
Debt to equity ratio
CN¥30.00m
Debt
Interest coverage ratio | -22.6x |
Cash | CN¥309.75m |
Equity | CN¥907.24m |
Total liabilities | CN¥513.83m |
Total assets | CN¥1.42b |
Recent financial health updates
No updates
Recent updates
ShenZhen QiangRui Precision Technology's (SZSE:301128) Earnings Are Weaker Than They Seem
Nov 06The Returns On Capital At ShenZhen QiangRui Precision Technology (SZSE:301128) Don't Inspire Confidence
Oct 29Optimistic Investors Push ShenZhen QiangRui Precision Technology Co., Ltd. (SZSE:301128) Shares Up 46% But Growth Is Lacking
Oct 09Is Now The Time To Put ShenZhen QiangRui Precision Technology (SZSE:301128) On Your Watchlist?
Sep 29There's Reason For Concern Over ShenZhen QiangRui Precision Technology Co., Ltd.'s (SZSE:301128) Massive 34% Price Jump
Jul 26Capital Allocation Trends At ShenZhen QiangRui Precision Technology (SZSE:301128) Aren't Ideal
Jun 17ShenZhen QiangRui Precision Technology (SZSE:301128) Has Announced That It Will Be Increasing Its Dividend To CN¥0.70
May 22We Think ShenZhen QiangRui Precision Technology's (SZSE:301128) Solid Earnings Are Understated
Apr 26There's Reason For Concern Over ShenZhen QiangRui Precision Technology Co., Ltd.'s (SZSE:301128) Massive 58% Price Jump
Mar 04Financial Position Analysis
Short Term Liabilities: 301128's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥463.3M).
Long Term Liabilities: 301128's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥50.6M).
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 increased from 2% to 3.3% over the past 5 years.
Debt Coverage: 301128's debt is well covered by operating cash flow (92.5%).
Interest Coverage: 301128 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2024/12/21 09:16 |
End of Day Share Price | 2024/12/20 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 * |
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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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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
ShenZhen QiangRui Precision Technology Co., Ltd. is covered by 0 analysts. 0 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 |
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