Qingdao Topscomm Communication Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao Topscomm Communication has a total shareholder equity of CN¥3.4B and total debt of CN¥756.4M, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are CN¥5.3B and CN¥1.9B respectively. Qingdao Topscomm Communication's EBIT is CN¥179.4M making its interest coverage ratio 7.5. It has cash and short-term investments of CN¥639.7M.
Key information
22.6%
Debt to equity ratio
CN¥756.41m
Debt
| Interest coverage ratio | 7.5x |
| Cash | CN¥639.67m |
| Equity | CN¥3.35b |
| Total liabilities | CN¥1.91b |
| Total assets | CN¥5.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603421's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603421's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥230.5M).
Debt to Equity History and Analysis
Debt Level: 603421's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: 603421's debt to equity ratio has increased from 0% to 22.6% over the past 5 years.
Debt Coverage: 603421's debt is well covered by operating cash flow (67%).
Interest Coverage: 603421's interest payments on its debt are well covered by EBIT (7.5x coverage).