Quectel Wireless Solutions Balance Sheet Health
Financial Health criteria checks 4/6
Quectel Wireless Solutions has a total shareholder equity of CN¥3.5B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 79.1%. Its total assets and total liabilities are CN¥10.7B and CN¥7.2B respectively. Quectel Wireless Solutions's EBIT is CN¥116.0M making its interest coverage ratio 171.9. It has cash and short-term investments of CN¥2.1B.
Key information
79.1%
Debt to equity ratio
CN¥2.77b
Debt
Interest coverage ratio | 171.9x |
Cash | CN¥2.06b |
Equity | CN¥3.50b |
Total liabilities | CN¥7.20b |
Total assets | CN¥10.71b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603236's short term assets (CN¥8.1B) exceed its short term liabilities (CN¥5.2B).
Long Term Liabilities: 603236's short term assets (CN¥8.1B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 603236's net debt to equity ratio (20.4%) is considered satisfactory.
Reducing Debt: 603236's debt to equity ratio has increased from 6.8% to 79.1% over the past 5 years.
Debt Coverage: 603236's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: 603236's interest payments on its debt are well covered by EBIT (171.9x coverage).