Quectel Wireless Solutions Co., Ltd.

SHSE:603236 Stock Report

Market Cap: CN¥16.6b

Quectel Wireless Solutions Balance Sheet Health

Financial Health criteria checks 5/6

Quectel Wireless Solutions has a total shareholder equity of CN¥3.8B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 64.5%. Its total assets and total liabilities are CN¥11.8B and CN¥8.0B respectively. Quectel Wireless Solutions's EBIT is CN¥543.3M making its interest coverage ratio 6.3. It has cash and short-term investments of CN¥1.8B.

Key information

64.5%

Debt to equity ratio

CN¥2.45b

Debt

Interest coverage ratio6.3x
CashCN¥1.76b
EquityCN¥3.80b
Total liabilitiesCN¥7.96b
Total assetsCN¥11.76b

Recent financial health updates

These 4 Measures Indicate That Quectel Wireless Solutions (SHSE:603236) Is Using Debt Safely

Nov 08
These 4 Measures Indicate That Quectel Wireless Solutions (SHSE:603236) Is Using Debt Safely

We Think Quectel Wireless Solutions (SHSE:603236) Is Taking Some Risk With Its Debt

Aug 03
We Think Quectel Wireless Solutions (SHSE:603236) Is Taking Some Risk With Its Debt

Recent updates

These 4 Measures Indicate That Quectel Wireless Solutions (SHSE:603236) Is Using Debt Safely

Nov 08
These 4 Measures Indicate That Quectel Wireless Solutions (SHSE:603236) Is Using Debt Safely

Quectel Wireless Solutions Co., Ltd. (SHSE:603236) Looks Just Right With A 34% Price Jump

Oct 18
Quectel Wireless Solutions Co., Ltd. (SHSE:603236) Looks Just Right With A 34% Price Jump

Is Now An Opportune Moment To Examine Quectel Wireless Solutions Co., Ltd. (SHSE:603236)?

Sep 24
Is Now An Opportune Moment To Examine Quectel Wireless Solutions Co., Ltd. (SHSE:603236)?

We Think Quectel Wireless Solutions (SHSE:603236) Is Taking Some Risk With Its Debt

Aug 03
We Think Quectel Wireless Solutions (SHSE:603236) Is Taking Some Risk With Its Debt

Quectel Wireless Solutions Co., Ltd.'s (SHSE:603236) P/E Is Still On The Mark Following 25% Share Price Bounce

May 23
Quectel Wireless Solutions Co., Ltd.'s (SHSE:603236) P/E Is Still On The Mark Following 25% Share Price Bounce

Quectel Wireless Solutions' (SHSE:603236) Anemic Earnings Might Be Worse Than You Think

Apr 29
Quectel Wireless Solutions' (SHSE:603236) Anemic Earnings Might Be Worse Than You Think

Should You Think About Buying Quectel Wireless Solutions Co., Ltd. (SHSE:603236) Now?

Mar 26
Should You Think About Buying Quectel Wireless Solutions Co., Ltd. (SHSE:603236) Now?

Quectel Wireless Solutions Co., Ltd. (SHSE:603236) Looks Just Right With A 37% Price Jump

Mar 07
Quectel Wireless Solutions Co., Ltd. (SHSE:603236) Looks Just Right With A 37% Price Jump

Financial 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¥1.8B).

Debt to Equity History and Analysis

Debt Level: 603236's net debt to equity ratio (18.1%) is considered satisfactory.

Reducing Debt: 603236's debt to equity ratio has increased from 12.1% to 64.5% over the past 5 years.

Debt Coverage: 603236's debt is well covered by operating cash flow (40%).

Interest Coverage: 603236's interest payments on its debt are well covered by EBIT (6.3x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 10:31
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Quectel Wireless Solutions Co., Ltd. is covered by 14 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hai Ning YuChangjiang Securities Co. LTD.
Hao ChenChina International Capital Corporation Limited
Jingyu ZhuChina International Capital Corporation Limited