Qtone Education Group (Guangdong)Ltd Balance Sheet Health
Financial Health criteria checks 5/6
Qtone Education Group (Guangdong)Ltd has a total shareholder equity of CN¥809.0M and total debt of CN¥50.1K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are CN¥1.0B and CN¥192.9M respectively. Qtone Education Group (Guangdong)Ltd's EBIT is CN¥35.0M making its interest coverage ratio -2.6. It has cash and short-term investments of CN¥443.8M.
Key information
0.006%
Debt to equity ratio
CN¥50.05k
Debt
| Interest coverage ratio | -2.6x |
| Cash | CN¥443.82m |
| Equity | CN¥809.04m |
| Total liabilities | CN¥192.91m |
| Total assets | CN¥1.00b |
Financial Position Analysis
Short Term Liabilities: 300359's short term assets (CN¥805.3M) exceed its short term liabilities (CN¥173.5M).
Long Term Liabilities: 300359's short term assets (CN¥805.3M) exceed its long term liabilities (CN¥19.4M).
Debt to Equity History and Analysis
Debt Level: 300359 has more cash than its total debt.
Reducing Debt: 300359's debt to equity ratio has reduced from 20.4% to 0.01% over the past 5 years.
Debt Coverage: 300359's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300359 earns more interest than it pays, so coverage of interest payments is not a concern.