Qu Mei Home Furnishings GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Qu Mei Home Furnishings GroupLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 127.8%. Its total assets and total liabilities are CN¥6.8B and CN¥4.4B respectively.
Key information
127.8%
Debt to equity ratio
CN¥2.99b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥895.62m |
| Equity | CN¥2.34b |
| Total liabilities | CN¥4.45b |
| Total assets | CN¥6.79b |
Recent financial health updates
No updates
Recent updates
Qu Mei Home Furnishings Group Co.,Ltd (SHSE:603818) Shares Fly 26% But Investors Aren't Buying For Growth
Sep 30
Lacklustre Performance Is Driving Qu Mei Home Furnishings Group Co.,Ltd's (SHSE:603818) Low P/S
Jul 26Improved Revenues Required Before Qu Mei Home Furnishings Group Co.,Ltd (SHSE:603818) Shares Find Their Feet
Apr 15Financial Position Analysis
Short Term Liabilities: 603818's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 603818's short term assets (CN¥2.1B) do not cover its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 603818's net debt to equity ratio (89.5%) is considered high.
Reducing Debt: 603818's debt to equity ratio has reduced from 206.5% to 127.8% over the past 5 years.
Debt Coverage: 603818's debt is well covered by operating cash flow (21.1%).
Interest Coverage: Insufficient data to determine if 603818's interest payments on its debt are well covered by EBIT.