Qingdao Huicheng Environmental Technology Group Balance Sheet Health
Financial Health criteria checks 0/6
Qingdao Huicheng Environmental Technology Group has a total shareholder equity of CN¥1.5B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 137.5%. Its total assets and total liabilities are CN¥4.3B and CN¥2.8B respectively. Qingdao Huicheng Environmental Technology Group's EBIT is CN¥98.2M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥320.8M.
Key information
137.5%
Debt to equity ratio
CN¥2.00b
Debt
| Interest coverage ratio | 1.8x |
| Cash | CN¥320.80m |
| Equity | CN¥1.46b |
| Total liabilities | CN¥2.84b |
| Total assets | CN¥4.30b |
Recent financial health updates
These 4 Measures Indicate That Qingdao Huicheng Environmental Technology Group (SZSE:300779) Is Using Debt Extensively
Sep 27
Is Qingdao Huicheng Environmental Technology Group (SZSE:300779) Using Too Much Debt?
Feb 28Recent updates
Investors Could Be Concerned With Qingdao Huicheng Environmental Technology Group's (SZSE:300779) Returns On Capital
Dec 24Qingdao Huicheng Environmental Technology Group's (SZSE:300779) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 04Qingdao Huicheng Environmental Technology Group Co., Ltd.'s (SZSE:300779) 46% Jump Shows Its Popularity With Investors
Oct 21These 4 Measures Indicate That Qingdao Huicheng Environmental Technology Group (SZSE:300779) Is Using Debt Extensively
Sep 27Qingdao Huicheng Environmental Technology Group Co., Ltd.'s (SZSE:300779) P/S Is Still On The Mark Following 33% Share Price Bounce
Sep 05Qingdao Huicheng Environmental Technology Group (SZSE:300779) Might Be Having Difficulty Using Its Capital Effectively
Aug 27Impressive Earnings May Not Tell The Whole Story For Qingdao Huicheng Environmental Technology Group (SZSE:300779)
May 01Qingdao Huicheng Environmental Technology Group Co., Ltd. (SZSE:300779) Looks Just Right With A 38% Price Jump
Apr 22Why Investors Shouldn't Be Surprised By Qingdao Huicheng Environmental Technology Group Co., Ltd.'s (SZSE:300779) 31% Share Price Surge
Mar 06Is Qingdao Huicheng Environmental Technology Group (SZSE:300779) Using Too Much Debt?
Feb 28Financial Position Analysis
Short Term Liabilities: 300779's short term assets (CN¥1.1B) do not cover its short term liabilities (CN¥1.3B).
Long Term Liabilities: 300779's short term assets (CN¥1.1B) do not cover its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 300779's net debt to equity ratio (115.5%) is considered high.
Reducing Debt: 300779's debt to equity ratio has increased from 9.5% to 137.5% over the past 5 years.
Debt Coverage: 300779's debt is not well covered by operating cash flow (3.2%).
Interest Coverage: 300779's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 16:40 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Qingdao Huicheng Environmental Technology Group Co., Ltd. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wang Zhe | Citic Securities Co., Ltd. |
| Zhe Wang | Citic Securities Co., Ltd. |
| Hairong Liu | Minsheng Securities Co. |