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 ratio | 32.5x |
| Cash | CN¥975.02m |
| Equity | CN¥3.94b |
| Total liabilities | CN¥3.82b |
| Total assets | CN¥7.76b |
Recent financial health updates
No updates
Recent updates
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).