Qingmu Tec Balance Sheet Health
Financial Health criteria checks 6/6
Qingmu Tec has a total shareholder equity of CN¥1.4B and total debt of CN¥5.0M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥1.6B and CN¥132.4M respectively. Qingmu Tec's EBIT is CN¥29.1M making its interest coverage ratio -0.9. It has cash and short-term investments of CN¥957.2M.
Key information
0.3%
Debt to equity ratio
CN¥5.00m
Debt
| Interest coverage ratio | -0.9x |
| Cash | CN¥957.20m |
| Equity | CN¥1.43b |
| Total liabilities | CN¥132.38m |
| Total assets | CN¥1.56b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301110's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥116.5M).
Long Term Liabilities: 301110's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥15.8M).
Debt to Equity History and Analysis
Debt Level: 301110 has more cash than its total debt.
Reducing Debt: 301110's debt to equity ratio has reduced from 1% to 0.3% over the past 5 years.
Debt Coverage: 301110's debt is well covered by operating cash flow (1149.9%).
Interest Coverage: 301110 earns more interest than it pays, so coverage of interest payments is not a concern.