Qingdao Gaoce Technology Balance Sheet Health
Financial Health criteria checks 6/6
Qingdao Gaoce Technology has a total shareholder equity of CN¥4.3B and total debt of CN¥504.7M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are CN¥9.3B and CN¥5.0B respectively. Qingdao Gaoce Technology's EBIT is CN¥1.5B making its interest coverage ratio 124. It has cash and short-term investments of CN¥1.9B.
Key information
11.8%
Debt to equity ratio
CN¥504.66m
Debt
| Interest coverage ratio | 124x |
| Cash | CN¥1.86b |
| Equity | CN¥4.28b |
| Total liabilities | CN¥4.97b |
| Total assets | CN¥9.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688556's short term assets (CN¥7.1B) exceed its short term liabilities (CN¥4.3B).
Long Term Liabilities: 688556's short term assets (CN¥7.1B) exceed its long term liabilities (CN¥656.0M).
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 45.4% to 11.8% over the past 5 years.
Debt Coverage: 688556's debt is well covered by operating cash flow (196%).
Interest Coverage: 688556's interest payments on its debt are well covered by EBIT (124x coverage).