QiaoYin City Management Balance Sheet Health
Financial Health criteria checks 3/6
QiaoYin City Management has a total shareholder equity of CN¥2.4B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 142%. Its total assets and total liabilities are CN¥7.5B and CN¥5.1B respectively. QiaoYin City Management's EBIT is CN¥522.0M making its interest coverage ratio -7.6. It has cash and short-term investments of CN¥508.1M.
Key information
142.0%
Debt to equity ratio
CN¥3.47b
Debt
Interest coverage ratio | -7.6x |
Cash | CN¥508.12m |
Equity | CN¥2.44b |
Total liabilities | CN¥5.08b |
Total assets | CN¥7.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002973's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 002973's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 002973's net debt to equity ratio (121.2%) is considered high.
Reducing Debt: 002973's debt to equity ratio has increased from 62.1% to 142% over the past 5 years.
Debt Coverage: 002973's debt is not well covered by operating cash flow (2.3%).
Interest Coverage: 002973 earns more interest than it pays, so coverage of interest payments is not a concern.