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¥20.0M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CN¥1.4B and CN¥215.1M respectively. Qingdao Copton Technology's EBIT is CN¥54.9M making its interest coverage ratio -5. It has cash and short-term investments of CN¥575.1M.
Key information
1.7%
Debt to equity ratio
CN¥20.00m
Debt
Interest coverage ratio | -5x |
Cash | CN¥575.14m |
Equity | CN¥1.18b |
Total liabilities | CN¥215.10m |
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¥937.4M) exceed its short term liabilities (CN¥192.8M).
Long Term Liabilities: 603798's short term assets (CN¥937.4M) exceed its long term liabilities (CN¥22.3M).
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 1.7% over the past 5 years.
Debt Coverage: 603798's debt is well covered by operating cash flow (389.8%).
Interest Coverage: 603798 earns more interest than it pays, so coverage of interest payments is not a concern.