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 |
| Cash | CN¥758.84m |
| Equity | CN¥3.74b |
| Total liabilities | CN¥1.40b |
| Total assets | CN¥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
Do Qifeng New Material's (SZSE:002521) Earnings Warrant Your Attention?
Sep 25More Unpleasant Surprises Could Be In Store For Qifeng New Material Co., Ltd.'s (SZSE:002521) Shares After Tumbling 26%
Jul 25The Return Trends At Qifeng New Material (SZSE:002521) Look Promising
Jun 12Qifeng New Material Co., Ltd. (SZSE:002521) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected
May 21We Think Qifeng New Material (SZSE:002521) Can Manage Its Debt With Ease
Apr 22Subdued Growth No Barrier To Qifeng New Material Co., Ltd. (SZSE:002521) With Shares Advancing 28%
Mar 19Financial 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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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 04:18 |
| 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
Qifeng New Material Co., Ltd. is covered by 7 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 |
|---|---|
| Chun Xu | Changjiang Securities Co. LTD. |
| Xudong Wang | China Merchants Securities Co. Ltd. |
| Kai Zheng | China Merchants Securities Co. Ltd. |