QC Solar Balance Sheet Health
Financial Health criteria checks 6/6
QC Solar has a total shareholder equity of CN¥1.2B and total debt of CN¥3.3M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥1.7B and CN¥496.3M respectively. QC Solar's EBIT is CN¥199.5M making its interest coverage ratio -12.6. It has cash and short-term investments of CN¥487.7M.
Key information
0.3%
Debt to equity ratio
CN¥3.34m
Debt
Interest coverage ratio | -12.6x |
Cash | CN¥487.73m |
Equity | CN¥1.19b |
Total liabilities | CN¥496.28m |
Total assets | CN¥1.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301278's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥492.5M).
Long Term Liabilities: 301278's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥3.8M).
Debt to Equity History and Analysis
Debt Level: 301278 has more cash than its total debt.
Reducing Debt: 301278's debt to equity ratio has reduced from 10.6% to 0.3% over the past 5 years.
Debt Coverage: 301278's debt is well covered by operating cash flow (6566.7%).
Interest Coverage: 301278 earns more interest than it pays, so coverage of interest payments is not a concern.