Qifeng New Material Co., Ltd.

SZSE:002521 Stock Report

Market Cap: CN¥5.0b

Qifeng New Material Balance Sheet Health

Financial Health criteria checks 5/6

Qifeng New Material has a total shareholder equity of CN¥3.7B and total debt of CN¥591.9M, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are CN¥5.1B and CN¥1.4B respectively. Qifeng New Material's EBIT is CN¥229.3M making its interest coverage ratio -64.8. It has cash and short-term investments of CN¥758.8M.

Key information

15.8%

Debt to equity ratio

CN¥591.86m

Debt

Interest coverage ratio-64.8x
CashCN¥758.84m
EquityCN¥3.74b
Total liabilitiesCN¥1.40b
Total assetsCN¥5.15b

Recent financial health updates

Recent updates

Qifeng New Material Co., Ltd.'s (SZSE:002521) Share Price Boosted 37% But Its Business Prospects Need A Lift Too

Oct 08
Qifeng New Material Co., Ltd.'s (SZSE:002521) Share Price Boosted 37% But Its Business Prospects Need A Lift Too

Do Qifeng New Material's (SZSE:002521) Earnings Warrant Your Attention?

Sep 25
Do Qifeng New Material's (SZSE:002521) Earnings Warrant Your Attention?

More Unpleasant Surprises Could Be In Store For Qifeng New Material Co., Ltd.'s (SZSE:002521) Shares After Tumbling 26%

Jul 25
More Unpleasant Surprises Could Be In Store For Qifeng New Material Co., Ltd.'s (SZSE:002521) Shares After Tumbling 26%

The Return Trends At Qifeng New Material (SZSE:002521) Look Promising

Jun 12
The Return Trends At Qifeng New Material (SZSE:002521) Look Promising

Qifeng New Material Co., Ltd. (SZSE:002521) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

May 21
Qifeng New Material Co., Ltd. (SZSE:002521) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected

We Think Qifeng New Material (SZSE:002521) Can Manage Its Debt With Ease

Apr 22
We Think Qifeng New Material (SZSE:002521) Can Manage Its Debt With Ease

Subdued Growth No Barrier To Qifeng New Material Co., Ltd. (SZSE:002521) With Shares Advancing 28%

Mar 19
Subdued Growth No Barrier To Qifeng New Material Co., Ltd. (SZSE:002521) With Shares Advancing 28%

Financial Position Analysis

Short Term Liabilities: 002521's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.4B).

Long Term Liabilities: 002521's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥23.6M).


Debt to Equity History and Analysis

Debt Level: 002521 has more cash than its total debt.

Reducing Debt: 002521's debt to equity ratio has increased from 11% to 15.8% over the past 5 years.

Debt Coverage: 002521's debt is well covered by operating cash flow (55.8%).

Interest Coverage: 002521 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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