Qingdao NovelBeam TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Qingdao NovelBeam TechnologyLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥2.2M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥1.4B and CN¥73.8M respectively. Qingdao NovelBeam TechnologyLtd's EBIT is CN¥136.7M making its interest coverage ratio -32.9. It has cash and short-term investments of CN¥598.6M.
Key information
0.2%
Debt to equity ratio
CN¥2.21m
Debt
Interest coverage ratio | -32.9x |
Cash | CN¥598.61m |
Equity | CN¥1.32b |
Total liabilities | CN¥73.77m |
Total assets | CN¥1.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688677's short term assets (CN¥856.8M) exceed its short term liabilities (CN¥58.2M).
Long Term Liabilities: 688677's short term assets (CN¥856.8M) exceed its long term liabilities (CN¥15.6M).
Debt to Equity History and Analysis
Debt Level: 688677 has more cash than its total debt.
Reducing Debt: 688677's debt to equity ratio has reduced from 7.6% to 0.2% over the past 5 years.
Debt Coverage: 688677's debt is well covered by operating cash flow (8117.3%).
Interest Coverage: 688677 earns more interest than it pays, so coverage of interest payments is not a concern.