QITIAN Technology Group Balance Sheet Health
Financial Health criteria checks 3/6
QITIAN Technology Group has a total shareholder equity of CN¥778.0M and total debt of CN¥673.1M, which brings its debt-to-equity ratio to 86.5%. Its total assets and total liabilities are CN¥1.7B and CN¥909.8M respectively.
Key information
86.5%
Debt to equity ratio
CN¥673.11m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥205.18m |
| Equity | CN¥778.05m |
| Total liabilities | CN¥909.84m |
| Total assets | CN¥1.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300061's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥894.1M).
Long Term Liabilities: 300061's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥15.7M).
Debt to Equity History and Analysis
Debt Level: 300061's net debt to equity ratio (60.1%) is considered high.
Reducing Debt: 300061's debt to equity ratio has increased from 16.7% to 86.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 300061 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 300061 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 44% each year