Qingdao Richmat Intelligence Technology Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao Richmat Intelligence Technology has a total shareholder equity of CN¥1.0B and total debt of CN¥12.0M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CN¥1.4B and CN¥411.5M respectively. Qingdao Richmat Intelligence Technology's EBIT is CN¥58.7M making its interest coverage ratio -30.7. It has cash and short-term investments of CN¥691.5M.
Key information
1.2%
Debt to equity ratio
CN¥12.01m
Debt
Interest coverage ratio | -30.7x |
Cash | CN¥691.45m |
Equity | CN¥1.03b |
Total liabilities | CN¥411.49m |
Total assets | CN¥1.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301320's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥387.8M).
Long Term Liabilities: 301320's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥23.7M).
Debt to Equity History and Analysis
Debt Level: 301320 has more cash than its total debt.
Reducing Debt: 301320's debt to equity ratio has increased from 0% to 1.2% over the past 5 years.
Debt Coverage: 301320's debt is well covered by operating cash flow (943.2%).
Interest Coverage: 301320 earns more interest than it pays, so coverage of interest payments is not a concern.