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
Financial 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.