Qingdao Huijintong Power EquipmentLtd Balance Sheet Health
Financial Health criteria checks 2/6
Qingdao Huijintong Power EquipmentLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 144.2%. Its total assets and total liabilities are CN¥6.1B and CN¥4.1B respectively. Qingdao Huijintong Power EquipmentLtd's EBIT is CN¥200.4M making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥230.0M.
Key information
144.2%
Debt to equity ratio
CN¥2.82b
Debt
| Interest coverage ratio | 1.5x |
| Cash | CN¥229.96m |
| Equity | CN¥1.95b |
| Total liabilities | CN¥4.13b |
| Total assets | CN¥6.08b |
Recent financial health updates
No updates
Recent updates
Qingdao Huijintong Power EquipmentLtd (SHSE:603577) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 06
Not Many Are Piling Into Qingdao Huijintong Power Equipment Co.,Ltd. (SHSE:603577) Stock Yet As It Plummets 27%
Apr 22Qingdao Huijintong Power EquipmentLtd's (SHSE:603577) Problems Go Beyond Weak Profit
Apr 02Investors Still Aren't Entirely Convinced By Qingdao Huijintong Power Equipment Co.,Ltd.'s (SHSE:603577) Revenues Despite 33% Price Jump
Mar 08Investors Met With Slowing Returns on Capital At Qingdao Huijintong Power EquipmentLtd (SHSE:603577)
Mar 07Financial Position Analysis
Short Term Liabilities: 603577's short term assets (CN¥4.5B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 603577's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥792.3M).
Debt to Equity History and Analysis
Debt Level: 603577's net debt to equity ratio (132.5%) is considered high.
Reducing Debt: 603577's debt to equity ratio has increased from 87.8% to 144.2% over the past 5 years.
Debt Coverage: 603577's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: 603577's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 08:35 |
| End of Day Share Price | 2024/12/25 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Qingdao Huijintong Power Equipment Co.,Ltd. is covered by 1 analysts. 0 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 |
|---|---|
| Chen Su | Industrial Securities Co. Ltd. |