Qingdao Greensum Ecology Balance Sheet Health
Financial Health criteria checks 3/6
Qingdao Greensum Ecology has a total shareholder equity of CN¥898.1M and total debt of CN¥407.1M, which brings its debt-to-equity ratio to 45.3%. Its total assets and total liabilities are CN¥1.7B and CN¥804.7M respectively. Qingdao Greensum Ecology's EBIT is CN¥24.0M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥446.0M.
Key information
45.3%
Debt to equity ratio
CN¥407.13m
Debt
Interest coverage ratio | 2.4x |
Cash | CN¥445.95m |
Equity | CN¥898.12m |
Total liabilities | CN¥804.68m |
Total assets | CN¥1.70b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300948's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥438.6M).
Long Term Liabilities: 300948's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥366.1M).
Debt to Equity History and Analysis
Debt Level: 300948 has more cash than its total debt.
Reducing Debt: 300948's debt to equity ratio has increased from 10.8% to 45.3% over the past 5 years.
Debt Coverage: 300948's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300948's interest payments on its debt are not well covered by EBIT (2.4x coverage).