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.