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¥9.7B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are CN¥14.8B and CN¥5.1B respectively. Qi An Xin Technology Group's EBIT is CN¥47.7M making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥920.9M.
Key information
16.3%
Debt to equity ratio
CN¥1.58b
Debt
| Interest coverage ratio | 1.5x |
| Cash | CN¥920.86m |
| Equity | CN¥9.71b |
| Total liabilities | CN¥5.11b |
| Total assets | CN¥14.81b |
Recent financial health updates
Recent updates
Qi An Xin Technology Group's (SHSE:688561) Earnings Are Built On Soft Foundations
May 03
An 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¥9.2B) exceed its short term liabilities (CN¥4.5B).
Long Term Liabilities: 688561's short term assets (CN¥9.2B) exceed its long term liabilities (CN¥654.6M).
Debt to Equity History and Analysis
Debt Level: 688561's net debt to equity ratio (6.8%) is considered satisfactory.
Reducing Debt: 688561's debt to equity ratio has increased from 0% to 16.3% over the past 5 years.
Debt Coverage: 688561's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688561's interest payments on its debt are not well covered by EBIT (1.5x coverage).