Qi An Xin Technology Group Balance Sheet Health
Financial Health criteria checks 3/6
Qi An Xin Technology Group has a total shareholder equity of CN¥9.0B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are CN¥14.8B and CN¥5.8B respectively.
Key information
27.3%
Debt to equity ratio
CN¥2.46b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥714.13m |
| Equity | CN¥9.02b |
| Total liabilities | CN¥5.75b |
| Total assets | CN¥14.78b |
Recent financial health updates
Qi An Xin Technology Group (SHSE:688561) Has A Somewhat Strained Balance Sheet
Oct 20
These 4 Measures Indicate That Qi An Xin Technology Group (SHSE:688561) Is Using Debt Extensively
Jul 04Is Qi An Xin Technology Group (SHSE:688561) Using Too Much Debt?
Feb 28Recent updates
Qi An Xin Technology Group (SHSE:688561) Has A Somewhat Strained Balance Sheet
Oct 20Improved Revenues Required Before Qi An Xin Technology Group Inc. (SHSE:688561) Stock's 41% Jump Looks Justified
Oct 01Qi An Xin Technology Group Inc.'s (SHSE:688561) Prospects Need A Boost To Lift Shares
Aug 13These 4 Measures Indicate That Qi An Xin Technology Group (SHSE:688561) Is Using Debt Extensively
Jul 04Qi An Xin Technology Group's (SHSE:688561) Earnings Are Built On Soft Foundations
May 03An Intrinsic Calculation For Qi An Xin Technology Group Inc. (SHSE:688561) Suggests It's 46% Undervalued
Apr 15Qi An Xin Technology Group (SHSE:688561) Is Looking To Continue Growing Its Returns On Capital
Mar 25Qi An Xin Technology Group Inc.'s (SHSE:688561) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Mar 04Qi An Xin Technology Group Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 01Is Qi An Xin Technology Group (SHSE:688561) Using Too Much Debt?
Feb 28Financial Position Analysis
Short Term Liabilities: 688561's short term assets (CN¥9.1B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 688561's short term assets (CN¥9.1B) exceed its long term liabilities (CN¥661.0M).
Debt to Equity History and Analysis
Debt Level: 688561's net debt to equity ratio (19.3%) is considered satisfactory.
Reducing Debt: 688561's debt to equity ratio has increased from 0% to 27.3% over the past 5 years.
Debt Coverage: 688561's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 688561's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 06:43 |
| End of Day Share Price | 2024/12/20 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Qi An Xin Technology Group Inc. is covered by 21 analysts. 8 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 |
|---|---|
| Daley Li | BofA Global Research |
| Ruiqi Deng | Chasing Securities |
| Yan Jing Wu | China Galaxy Securities Co., Ltd. |