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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 07:14 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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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.
| Analyst | Institution |
|---|---|
| Fu Yang | Chasing Securities |
| Pei Lu | China Galaxy Securities Co., Ltd. |
| Yigong Tao | China Galaxy Securities Co., Ltd. |