Quectel Wireless Solutions Balance Sheet Health
Financial Health criteria checks 4/6
Quectel Wireless Solutions has a total shareholder equity of CN¥3.6B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 75.2%. Its total assets and total liabilities are CN¥11.8B and CN¥8.2B respectively. Quectel Wireless Solutions's EBIT is CN¥233.5M making its interest coverage ratio 6.2. It has cash and short-term investments of CN¥1.5B.
Key information
75.2%
Debt to equity ratio
CN¥2.72b
Debt
Interest coverage ratio | 6.2x |
Cash | CN¥1.50b |
Equity | CN¥3.61b |
Total liabilities | CN¥8.17b |
Total assets | CN¥11.78b |
Recent financial health updates
No updates
Recent updates
Quectel Wireless Solutions Co., Ltd.'s (SHSE:603236) P/E Is Still On The Mark Following 25% Share Price Bounce
May 23Quectel Wireless Solutions' (SHSE:603236) Anemic Earnings Might Be Worse Than You Think
Apr 29Should You Think About Buying Quectel Wireless Solutions Co., Ltd. (SHSE:603236) Now?
Mar 26Quectel Wireless Solutions Co., Ltd. (SHSE:603236) Looks Just Right With A 37% Price Jump
Mar 07Financial Position Analysis
Short Term Liabilities: 603236's short term assets (CN¥9.1B) exceed its short term liabilities (CN¥6.2B).
Long Term Liabilities: 603236's short term assets (CN¥9.1B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 603236's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: 603236's debt to equity ratio has increased from 0% to 75.2% over the past 5 years.
Debt Coverage: 603236's debt is not well covered by operating cash flow (1.8%).
Interest Coverage: 603236's interest payments on its debt are well covered by EBIT (6.2x coverage).