Qingdao KutesmartLtd Balance Sheet Health
Financial Health criteria checks 6/6
Qingdao KutesmartLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥232.4M, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are CN¥1.8B and CN¥487.4M respectively. Qingdao KutesmartLtd's EBIT is CN¥128.6M making its interest coverage ratio -0.9. It has cash and short-term investments of CN¥568.4M.
Key information
18.0%
Debt to equity ratio
CN¥232.41m
Debt
Interest coverage ratio | -0.9x |
Cash | CN¥568.39m |
Equity | CN¥1.29b |
Total liabilities | CN¥487.39m |
Total assets | CN¥1.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300840's short term assets (CN¥774.0M) exceed its short term liabilities (CN¥417.9M).
Long Term Liabilities: 300840's short term assets (CN¥774.0M) exceed its long term liabilities (CN¥69.5M).
Debt to Equity History and Analysis
Debt Level: 300840 has more cash than its total debt.
Reducing Debt: 300840's debt to equity ratio has reduced from 24.5% to 18% over the past 5 years.
Debt Coverage: 300840's debt is well covered by operating cash flow (70.5%).
Interest Coverage: 300840 earns more interest than it pays, so coverage of interest payments is not a concern.