Qingyan Environmental Technology Balance Sheet Health
Financial Health criteria checks 4/6
Qingyan Environmental Technology has a total shareholder equity of CN¥810.6M and total debt of CN¥10.5M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥904.1M and CN¥93.5M respectively.
Key information
1.3%
Debt to equity ratio
CN¥10.51m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥516.14m |
| Equity | CN¥810.61m |
| Total liabilities | CN¥93.45m |
| Total assets | CN¥904.07m |
Financial Position Analysis
Short Term Liabilities: 301288's short term assets (CN¥697.7M) exceed its short term liabilities (CN¥92.7M).
Long Term Liabilities: 301288's short term assets (CN¥697.7M) exceed its long term liabilities (CN¥792.1K).
Debt to Equity History and Analysis
Debt Level: 301288 has more cash than its total debt.
Reducing Debt: 301288's debt to equity ratio has reduced from 6.6% to 1.3% over the past 5 years.
Debt Coverage: 301288's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: Insufficient data to determine if 301288's interest payments on its debt are well covered by EBIT.