Qingdao Gaoce Technology Co., Ltd

SHSE:688556 Stock Report

Market Cap: CN¥6.4b

Qingdao Gaoce Technology Balance Sheet Health

Financial Health criteria checks 5/6

Qingdao Gaoce Technology has a total shareholder equity of CN¥3.9B and total debt of CN¥524.7M, which brings its debt-to-equity ratio to 13.3%. Its total assets and total liabilities are CN¥7.8B and CN¥3.8B respectively. Qingdao Gaoce Technology's EBIT is CN¥417.1M making its interest coverage ratio 32.5. It has cash and short-term investments of CN¥975.0M.

Key information

13.3%

Debt to equity ratio

CN¥524.72m

Debt

Interest coverage ratio32.5x
CashCN¥975.02m
EquityCN¥3.94b
Total liabilitiesCN¥3.82b
Total assetsCN¥7.76b

Recent financial health updates

Recent updates

Is Qingdao Gaoce Technology (SHSE:688556) Using Too Much Debt?

Nov 28
Is Qingdao Gaoce Technology (SHSE:688556) Using Too Much Debt?

We Think That There Are More Issues For Qingdao Gaoce Technology (SHSE:688556) Than Just Sluggish Earnings

Nov 07
We Think That There Are More Issues For Qingdao Gaoce Technology (SHSE:688556) Than Just Sluggish Earnings

Qingdao Gaoce Technology (SHSE:688556) Knows How To Allocate Capital Effectively

Oct 24
Qingdao Gaoce Technology (SHSE:688556) Knows How To Allocate Capital Effectively

Qingdao Gaoce Technology Co., Ltd's (SHSE:688556) Share Price Boosted 39% But Its Business Prospects Need A Lift Too

Oct 02
Qingdao Gaoce Technology Co., Ltd's (SHSE:688556) Share Price Boosted 39% But Its Business Prospects Need A Lift Too

These Analysts Just Made A Huge Downgrade To Their Qingdao Gaoce Technology Co., Ltd (SHSE:688556) EPS Forecasts

Sep 05
These Analysts Just Made A Huge Downgrade To Their Qingdao Gaoce Technology Co., Ltd (SHSE:688556) EPS Forecasts

Are Qingdao Gaoce Technology Co., Ltd (SHSE:688556) Investors Paying Above The Intrinsic Value?

Aug 20
Are Qingdao Gaoce Technology Co., Ltd (SHSE:688556) Investors Paying Above The Intrinsic Value?

Earnings Working Against Qingdao Gaoce Technology Co., Ltd's (SHSE:688556) Share Price Following 27% Dive

Jun 30
Earnings Working Against Qingdao Gaoce Technology Co., Ltd's (SHSE:688556) Share Price Following 27% Dive

Why The 31% Return On Capital At Qingdao Gaoce Technology (SHSE:688556) Should Have Your Attention

Jun 20
Why The 31% Return On Capital At Qingdao Gaoce Technology (SHSE:688556) Should Have Your Attention

We Think That There Are Some Issues For Qingdao Gaoce Technology (SHSE:688556) Beyond Its Promising Earnings

Apr 30
We Think That There Are Some Issues For Qingdao Gaoce Technology (SHSE:688556) Beyond Its Promising Earnings

Downgrade: Here's How Analysts See Qingdao Gaoce Technology Co., Ltd (SHSE:688556) Performing In The Near Term

Apr 29
Downgrade: Here's How Analysts See Qingdao Gaoce Technology Co., Ltd (SHSE:688556) Performing In The Near Term

CN¥42.18: That's What Analysts Think Qingdao Gaoce Technology Co., Ltd (SHSE:688556) Is Worth After Its Latest Results

Mar 30
CN¥42.18: That's What Analysts Think Qingdao Gaoce Technology Co., Ltd (SHSE:688556) Is Worth After Its Latest Results

Here's Why Qingdao Gaoce Technology (SHSE:688556) Has Caught The Eye Of Investors

Mar 22
Here's Why Qingdao Gaoce Technology (SHSE:688556) Has Caught The Eye Of Investors

Qingdao Gaoce Technology Co., Ltd (SHSE:688556) Held Back By Insufficient Growth Even After Shares Climb 26%

Mar 06
Qingdao Gaoce Technology Co., Ltd (SHSE:688556) Held Back By Insufficient Growth Even After Shares Climb 26%

Financial Position Analysis

Short Term Liabilities: 688556's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥3.2B).

Long Term Liabilities: 688556's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥613.2M).


Debt to Equity History and Analysis

Debt Level: 688556 has more cash than its total debt.

Reducing Debt: 688556's debt to equity ratio has reduced from 26.1% to 13.3% over the past 5 years.

Debt Coverage: 688556's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 688556's interest payments on its debt are well covered by EBIT (32.5x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 03:51
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Qingdao Gaoce Technology Co., Ltd is covered by 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Fu YangChasing Securities
Pei LuChina Galaxy Securities Co., Ltd.
Yigong TaoChina Galaxy Securities Co., Ltd.