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¥862.9M, which brings its debt-to-equity ratio to 25.9%. Its total assets and total liabilities are CN¥5.7B and CN¥2.4B respectively. Qingdao Topscomm Communication's EBIT is CN¥163.5M making its interest coverage ratio 6.1. It has cash and short-term investments of CN¥556.6M.
Key information
25.9%
Debt to equity ratio
CN¥862.91m
Debt
| Interest coverage ratio | 6.1x |
| Cash | CN¥556.61m |
| Equity | CN¥3.33b |
| Total liabilities | CN¥2.37b |
| Total assets | CN¥5.70b |
Recent financial health updates
No updates
Recent updates
There May Be Some Bright Spots In Qingdao Topscomm Communication's (SHSE:603421) Earnings
Sep 03
Qingdao Topscomm Communication INC.'s (SHSE:603421) Shares Climb 30% But Its Business Is Yet to Catch Up
Mar 08There Are Reasons To Feel Uneasy About Qingdao Topscomm Communication's (SHSE:603421) Returns On Capital
Feb 28Financial Position Analysis
Short Term Liabilities: 603421's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603421's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥234.9M).
Debt to Equity History and Analysis
Debt Level: 603421's net debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: 603421's debt to equity ratio has increased from 0% to 25.9% over the past 5 years.
Debt Coverage: 603421's debt is well covered by operating cash flow (46.7%).
Interest Coverage: 603421's interest payments on its debt are well covered by EBIT (6.1x coverage).