Qingyan Environmental Technology Balance Sheet Health
Financial Health criteria checks 5/6
Qingyan Environmental Technology has a total shareholder equity of CN¥821.3M and total debt of CN¥21.1M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥931.0M and CN¥109.7M respectively.
Key information
2.6%
Debt to equity ratio
CN¥21.06m
Debt
Interest coverage ratio | n/a |
Cash | CN¥542.74m |
Equity | CN¥821.32m |
Total liabilities | CN¥109.71m |
Total assets | CN¥931.02m |
Financial Position Analysis
Short Term Liabilities: 301288's short term assets (CN¥725.7M) exceed its short term liabilities (CN¥108.2M).
Long Term Liabilities: 301288's short term assets (CN¥725.7M) exceed its long term liabilities (CN¥1.5M).
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 9.3% to 2.6% over the past 5 years.
Debt Coverage: 301288's debt is well covered by operating cash flow (56.4%).
Interest Coverage: Insufficient data to determine if 301288's interest payments on its debt are well covered by EBIT.