Qifeng New Material Balance Sheet Health
Financial Health criteria checks 5/6
Qifeng New Material has a total shareholder equity of CN¥3.8B and total debt of CN¥541.9M, which brings its debt-to-equity ratio to 14.3%. Its total assets and total liabilities are CN¥5.2B and CN¥1.4B respectively. Qifeng New Material's EBIT is CN¥350.4M making its interest coverage ratio 352.3. It has cash and short-term investments of CN¥906.1M.
Key information
14.3%
Debt to equity ratio
CN¥541.91m
Debt
Interest coverage ratio | 352.3x |
Cash | CN¥906.11m |
Equity | CN¥3.79b |
Total liabilities | CN¥1.38b |
Total assets | CN¥5.17b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002521's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002521's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥12.3M).
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 13.7% to 14.3% over the past 5 years.
Debt Coverage: 002521's debt is well covered by operating cash flow (105.9%).
Interest Coverage: 002521's interest payments on its debt are well covered by EBIT (352.3x coverage).