Qingdao Copton Technology Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao Copton Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥29.0M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥1.4B and CN¥221.1M respectively. Qingdao Copton Technology's EBIT is CN¥56.4M making its interest coverage ratio -5. It has cash and short-term investments of CN¥588.0M.
Key information
2.5%
Debt to equity ratio
CN¥29.00m
Debt
| Interest coverage ratio | -5x |
| Cash | CN¥588.05m |
| Equity | CN¥1.18b |
| Total liabilities | CN¥221.07m |
| Total assets | CN¥1.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603798's short term assets (CN¥934.9M) exceed its short term liabilities (CN¥200.9M).
Long Term Liabilities: 603798's short term assets (CN¥934.9M) exceed its long term liabilities (CN¥20.2M).
Debt to Equity History and Analysis
Debt Level: 603798 has more cash than its total debt.
Reducing Debt: 603798's debt to equity ratio has increased from 0% to 2.5% over the past 5 years.
Debt Coverage: 603798's debt is well covered by operating cash flow (710.3%).
Interest Coverage: 603798 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 06:42 |
| 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 Copton Technology Company Limited 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 |
|---|---|
| Qiang Wang | China Merchants Securities Co. Ltd. |