Shanghai QiFan Cable Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai QiFan Cable has a total shareholder equity of CN¥4.7B and total debt of CN¥6.0B, which brings its debt-to-equity ratio to 127.4%. Its total assets and total liabilities are CN¥14.3B and CN¥9.6B respectively. Shanghai QiFan Cable's EBIT is CN¥415.1M making its interest coverage ratio 2.2. It has cash and short-term investments of CN¥1.2B.
Key information
127.4%
Debt to equity ratio
CN¥6.01b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CN¥1.21b |
| Equity | CN¥4.72b |
| Total liabilities | CN¥9.56b |
| Total assets | CN¥14.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605222's short term assets (CN¥11.5B) exceed its short term liabilities (CN¥7.7B).
Long Term Liabilities: 605222's short term assets (CN¥11.5B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 605222's net debt to equity ratio (101.7%) is considered high.
Reducing Debt: 605222's debt to equity ratio has increased from 51.2% to 127.4% over the past 5 years.
Debt Coverage: 605222's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: 605222's interest payments on its debt are not well covered by EBIT (2.2x coverage).