Qingdao Topscomm Communication Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao Topscomm Communication has a total shareholder equity of CN¥3.3B and total debt of CN¥780.7M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are CN¥5.6B and CN¥2.2B respectively. Qingdao Topscomm Communication's EBIT is CN¥137.0M making its interest coverage ratio -707.3. It has cash and short-term investments of CN¥610.2M.
Key information
23.6%
Debt to equity ratio
CN¥780.68m
Debt
Interest coverage ratio | -707.3x |
Cash | CN¥610.23m |
Equity | CN¥3.31b |
Total liabilities | CN¥2.25b |
Total assets | CN¥5.56b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603421's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603421's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥566.0M).
Debt to Equity History and Analysis
Debt Level: 603421's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: 603421's debt to equity ratio has increased from 3.1% to 23.6% over the past 5 years.
Debt Coverage: 603421's debt is well covered by operating cash flow (26%).
Interest Coverage: 603421 earns more interest than it pays, so coverage of interest payments is not a concern.