G-bits Network Technology (Xiamen) Balance Sheet Health
Financial Health criteria checks 6/6
G-bits Network Technology (Xiamen) has a total shareholder equity of CN¥5.5B and total debt of CN¥11.3M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥6.9B and CN¥1.4B respectively. G-bits Network Technology (Xiamen)'s EBIT is CN¥1.2B making its interest coverage ratio -12.3. It has cash and short-term investments of CN¥3.9B.
Key information
0.2%
Debt to equity ratio
CN¥11.30m
Debt
| Interest coverage ratio | -12.3x |
| Cash | CN¥3.86b |
| Equity | CN¥5.55b |
| Total liabilities | CN¥1.40b |
| Total assets | CN¥6.94b |
Recent financial health updates
No updates
Recent updates
G-bits Network Technology (Xiamen) Co., Ltd. (SHSE:603444) Held Back By Insufficient Growth Even After Shares Climb 26%
Aug 14
Here's What G-bits Network Technology (Xiamen)'s (SHSE:603444) Strong Returns On Capital Mean
Jul 12News Flash: 14 Analysts Think G-bits Network Technology (Xiamen) Co., Ltd. (SHSE:603444) Earnings Are Under Threat
Apr 02G-bits Network Technology (Xiamen) Co., Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Apr 01The Market Doesn't Like What It Sees From G-bits Network Technology (Xiamen) Co., Ltd.'s (SHSE:603444) Earnings Yet
Mar 21Financial Position Analysis
Short Term Liabilities: 603444's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 603444's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥74.0M).
Debt to Equity History and Analysis
Debt Level: 603444 has more cash than its total debt.
Reducing Debt: 603444's debt to equity ratio has reduced from 2.6% to 0.2% over the past 5 years.
Debt Coverage: 603444's debt is well covered by operating cash flow (10426.5%).
Interest Coverage: 603444 earns more interest than it pays, so coverage of interest payments is not a concern.