Aidite (Qinhuangdao) Technology Balance Sheet Health
Financial Health criteria checks 6/6
Aidite (Qinhuangdao) Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥440.8K, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are CN¥1.3B and CN¥212.2M respectively. Aidite (Qinhuangdao) Technology's EBIT is CN¥149.7M making its interest coverage ratio -16.9. It has cash and short-term investments of CN¥808.0M.
Key information
0.04%
Debt to equity ratio
CN¥440.80k
Debt
Interest coverage ratio | -16.9x |
Cash | CN¥808.02m |
Equity | CN¥1.08b |
Total liabilities | CN¥212.20m |
Total assets | CN¥1.29b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 301580's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥186.7M).
Long Term Liabilities: 301580's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥25.5M).
Debt to Equity History and Analysis
Debt Level: 301580 has more cash than its total debt.
Reducing Debt: 301580's debt to equity ratio has reduced from 2.4% to 0.04% over the past 5 years.
Debt Coverage: 301580's debt is well covered by operating cash flow (31781.3%).
Interest Coverage: 301580 earns more interest than it pays, so coverage of interest payments is not a concern.