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¥32.4M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥1.4B and CN¥115.0M respectively. Qingdao NovelBeam TechnologyLtd's EBIT is CN¥129.7M making its interest coverage ratio -29.2. It has cash and short-term investments of CN¥545.5M.
Key information
2.5%
Debt to equity ratio
CN¥32.36m
Debt
| Interest coverage ratio | -29.2x |
| Cash | CN¥545.50m |
| Equity | CN¥1.28b |
| Total liabilities | CN¥114.99m |
| Total assets | CN¥1.40b |
Recent financial health updates
No updates
Recent updates
There Are Reasons To Feel Uneasy About Qingdao NovelBeam TechnologyLtd's (SHSE:688677) Returns On Capital
Nov 17
Further Upside For Qingdao NovelBeam Technology Co.,Ltd. (SHSE:688677) Shares Could Introduce Price Risks After 41% Bounce
Oct 08Some Investors May Be Worried About Qingdao NovelBeam TechnologyLtd's (SHSE:688677) Returns On Capital
Jul 03The Price Is Right For Qingdao NovelBeam Technology Co.,Ltd. (SHSE:688677) Even After Diving 26%
Apr 25Qingdao NovelBeam TechnologyLtd (SHSE:688677) Will Want To Turn Around Its Return Trends
Apr 02Financial Position Analysis
Short Term Liabilities: 688677's short term assets (CN¥830.8M) exceed its short term liabilities (CN¥71.3M).
Long Term Liabilities: 688677's short term assets (CN¥830.8M) exceed its long term liabilities (CN¥43.7M).
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 14.4% to 2.5% over the past 5 years.
Debt Coverage: 688677's debt is well covered by operating cash flow (434.2%).
Interest Coverage: 688677 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 01:55 |
| End of Day Share Price | 2024/12/19 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 NovelBeam Technology Co.,Ltd. is covered by 13 analysts. 6 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 |
|---|---|
| Pei Cheng | China Galaxy Securities Co., Ltd. |
| Shuo Song | Citic Securities Co., Ltd. |
| Zhu Chen | Citic Securities Co., Ltd. |