QC Solar Balance Sheet Health
Financial Health criteria checks 6/6
QC Solar has a total shareholder equity of CN¥1.3B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.8B and CN¥499.5M respectively. QC Solar's EBIT is CN¥114.8M making its interest coverage ratio -5.7. It has cash and short-term investments of CN¥197.2M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -5.7x |
| Cash | CN¥197.20m |
| Equity | CN¥1.25b |
| Total liabilities | CN¥499.49m |
| Total assets | CN¥1.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301278's short term assets (CN¥920.6M) exceed its short term liabilities (CN¥498.5M).
Long Term Liabilities: 301278's short term assets (CN¥920.6M) exceed its long term liabilities (CN¥944.3K).
Debt to Equity History and Analysis
Debt Level: 301278 is debt free.
Reducing Debt: 301278 has no debt compared to 5 years ago when its debt to equity ratio was 14.7%.
Debt Coverage: 301278 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301278 has no debt, therefore coverage of interest payments is not a concern.