Qingdao Gon Technology Balance Sheet Health
Financial Health criteria checks 4/6
Qingdao Gon Technology has a total shareholder equity of CN¥6.5B and total debt of CN¥4.5B, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are CN¥15.3B and CN¥8.8B respectively. Qingdao Gon Technology's EBIT is CN¥883.3M making its interest coverage ratio 9.1. It has cash and short-term investments of CN¥3.4B.
Key information
68.7%
Debt to equity ratio
CN¥4.48b
Debt
Interest coverage ratio | 9.1x |
Cash | CN¥3.36b |
Equity | CN¥6.52b |
Total liabilities | CN¥8.81b |
Total assets | CN¥15.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002768's short term assets (CN¥10.6B) exceed its short term liabilities (CN¥6.4B).
Long Term Liabilities: 002768's short term assets (CN¥10.6B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 002768's net debt to equity ratio (17.2%) is considered satisfactory.
Reducing Debt: 002768's debt to equity ratio has increased from 31.7% to 68.7% over the past 5 years.
Debt Coverage: 002768's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: 002768's interest payments on its debt are well covered by EBIT (9.1x coverage).