QITIAN Technology Group Balance Sheet Health
Financial Health criteria checks 4/6
QITIAN Technology Group has a total shareholder equity of CN¥764.1M and total debt of CN¥625.3M, which brings its debt-to-equity ratio to 81.8%. Its total assets and total liabilities are CN¥1.6B and CN¥800.3M respectively.
Key information
81.8%
Debt to equity ratio
CN¥625.27m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥171.82m |
| Equity | CN¥764.07m |
| Total liabilities | CN¥800.32m |
| Total assets | CN¥1.56b |
Recent financial health updates
No updates
Recent updates
QITIAN Technology Group Co., Ltd. (SZSE:300061) Stock Rockets 103% As Investors Are Less Pessimistic Than Expected
Oct 01
Optimistic Investors Push QITIAN Technology Group Co., Ltd. (SZSE:300061) Shares Up 35% But Growth Is Lacking
Jul 29QITIAN Technology Group Co., Ltd.'s (SZSE:300061) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Mar 07Financial Position Analysis
Short Term Liabilities: 300061's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥790.6M).
Long Term Liabilities: 300061's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥9.7M).
Debt to Equity History and Analysis
Debt Level: 300061's net debt to equity ratio (59.3%) is considered high.
Reducing Debt: 300061's debt to equity ratio has increased from 16.2% to 81.8% 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 3 years based on its current free cash flow.
Forecast Cash Runway: 300061 has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 42.6% each year