Beijing QingCloud Technology Group Co., Ltd

SHSE:688316 Stock Report

Market Cap: CN¥1.7b

Beijing QingCloud Technology Group Balance Sheet Health

Financial Health criteria checks 3/6

Beijing QingCloud Technology Group has a total shareholder equity of CN¥116.6M and total debt of CN¥298.2M, which brings its debt-to-equity ratio to 255.7%. Its total assets and total liabilities are CN¥575.7M and CN¥459.1M respectively.

Key information

255.7%

Debt to equity ratio

CN¥298.25m

Debt

Interest coverage ration/a
CashCN¥197.22m
EquityCN¥116.63m
Total liabilitiesCN¥459.10m
Total assetsCN¥575.73m

Recent financial health updates

No updates

Recent updates

QingCloud Technologies Corp.'s (SHSE:688316) Shares Climb 28% But Its Business Is Yet to Catch Up

Oct 01
QingCloud Technologies Corp.'s (SHSE:688316) Shares Climb 28% But Its Business Is Yet to Catch Up

QingCloud Technologies Corp.'s (SHSE:688316) Popularity With Investors Under Threat As Stock Sinks 26%

Apr 21
QingCloud Technologies Corp.'s (SHSE:688316) Popularity With Investors Under Threat As Stock Sinks 26%

QingCloud Technologies Corp.'s (SHSE:688316) 40% Price Boost Is Out Of Tune With Revenues

Mar 07
QingCloud Technologies Corp.'s (SHSE:688316) 40% Price Boost Is Out Of Tune With Revenues

Financial Position Analysis

Short Term Liabilities: 688316's short term assets (CN¥337.7M) do not cover its short term liabilities (CN¥425.4M).

Long Term Liabilities: 688316's short term assets (CN¥337.7M) exceed its long term liabilities (CN¥33.7M).


Debt to Equity History and Analysis

Debt Level: 688316's net debt to equity ratio (86.6%) is considered high.

Reducing Debt: 688316's debt to equity ratio has increased from 6% to 255.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 688316 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: 688316 has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 2.1% each year.


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