ShenZhen QiangRui Precision Technology Co., Ltd.

SZSE:301128 Stock Report

Market Cap: CN¥4.1b

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
CashCN¥309.75m
EquityCN¥907.24m
Total liabilitiesCN¥513.83m
Total assetsCN¥1.42b

Recent financial health updates

No updates

Recent updates

ShenZhen QiangRui Precision Technology's (SZSE:301128) Earnings Are Weaker Than They Seem

Nov 06
ShenZhen QiangRui Precision Technology's (SZSE:301128) Earnings Are Weaker Than They Seem

The Returns On Capital At ShenZhen QiangRui Precision Technology (SZSE:301128) Don't Inspire Confidence

Oct 29
The Returns On Capital At ShenZhen QiangRui Precision Technology (SZSE:301128) Don't Inspire Confidence

Optimistic Investors Push ShenZhen QiangRui Precision Technology Co., Ltd. (SZSE:301128) Shares Up 46% But Growth Is Lacking

Oct 09
Optimistic Investors Push ShenZhen QiangRui Precision Technology Co., Ltd. (SZSE:301128) Shares Up 46% But Growth Is Lacking

Is Now The Time To Put ShenZhen QiangRui Precision Technology (SZSE:301128) On Your Watchlist?

Sep 29
Is Now The Time To Put ShenZhen QiangRui Precision Technology (SZSE:301128) On Your Watchlist?

There's Reason For Concern Over ShenZhen QiangRui Precision Technology Co., Ltd.'s (SZSE:301128) Massive 34% Price Jump

Jul 26
There's Reason For Concern Over ShenZhen QiangRui Precision Technology Co., Ltd.'s (SZSE:301128) Massive 34% Price Jump

Capital Allocation Trends At ShenZhen QiangRui Precision Technology (SZSE:301128) Aren't Ideal

Jun 17
Capital Allocation Trends At ShenZhen QiangRui Precision Technology (SZSE:301128) Aren't Ideal

ShenZhen QiangRui Precision Technology (SZSE:301128) Has Announced That It Will Be Increasing Its Dividend To CN¥0.70

May 22
ShenZhen QiangRui Precision Technology (SZSE:301128) Has Announced That It Will Be Increasing Its Dividend To CN¥0.70

We Think ShenZhen QiangRui Precision Technology's (SZSE:301128) Solid Earnings Are Understated

Apr 26
We Think ShenZhen QiangRui Precision Technology's (SZSE:301128) Solid Earnings Are Understated

There's Reason For Concern Over ShenZhen QiangRui Precision Technology Co., Ltd.'s (SZSE:301128) Massive 58% Price Jump

Mar 04
There's Reason For Concern Over ShenZhen QiangRui Precision Technology Co., Ltd.'s (SZSE:301128) Massive 58% Price Jump

Financial 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

DataLast Updated (UTC time)
Company Analysis2024/12/21 09:16
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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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.

AnalystInstitution