Qtone Education Group (Guangdong)Ltd Balance Sheet Health
Financial Health criteria checks 6/6
Qtone Education Group (Guangdong)Ltd has a total shareholder equity of CN¥788.4M and total debt of CN¥50.0K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are CN¥969.3M and CN¥180.9M respectively. Qtone Education Group (Guangdong)Ltd's EBIT is CN¥6.7M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥424.9M.
Key information
0.006%
Debt to equity ratio
CN¥50.04k
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥424.94m |
| Equity | CN¥788.36m |
| Total liabilities | CN¥180.94m |
| Total assets | CN¥969.30m |
Recent financial health updates
No updates
Recent updates
Subdued Growth No Barrier To Qtone Education Group (Guangdong) Co.,Ltd (SZSE:300359) With Shares Advancing 42%
Oct 08
Risks To Shareholder Returns Are Elevated At These Prices For Qtone Education Group (Guangdong) Co.,Ltd (SZSE:300359)
Aug 07Here's What To Make Of Qtone Education Group (Guangdong)Ltd's (SZSE:300359) Decelerating Rates Of Return
Jun 07Risks To Shareholder Returns Are Elevated At These Prices For Qtone Education Group (Guangdong) Co.,Ltd (SZSE:300359)
Feb 28Financial Position Analysis
Short Term Liabilities: 300359's short term assets (CN¥783.7M) exceed its short term liabilities (CN¥163.9M).
Long Term Liabilities: 300359's short term assets (CN¥783.7M) exceed its long term liabilities (CN¥17.0M).
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 20.8% to 0.01% 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: Whilst unprofitable 300359 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 300359 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 30.8% per year.