Quectel Wireless Solutions Balance Sheet Health
Financial Health criteria checks 5/6
Quectel Wireless Solutions has a total shareholder equity of CN¥3.7B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 70.3%. Its total assets and total liabilities are CN¥11.4B and CN¥7.7B respectively. Quectel Wireless Solutions's EBIT is CN¥418.8M making its interest coverage ratio 9.1. It has cash and short-term investments of CN¥1.5B.
Key information
70.3%
Debt to equity ratio
CN¥2.61b
Debt
| Interest coverage ratio | 9.1x |
| Cash | CN¥1.49b |
| Equity | CN¥3.72b |
| Total liabilities | CN¥7.67b |
| Total assets | CN¥11.39b |
Recent financial health updates
Recent updates
Is Now An Opportune Moment To Examine Quectel Wireless Solutions Co., Ltd. (SHSE:603236)?
Sep 24
We Think Quectel Wireless Solutions (SHSE:603236) Is Taking Some Risk With Its Debt
Aug 03Quectel 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¥8.7B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 603236's short term assets (CN¥8.7B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 603236's net debt to equity ratio (30.3%) is considered satisfactory.
Reducing Debt: 603236's debt to equity ratio has increased from 18.6% to 70.3% over the past 5 years.
Debt Coverage: 603236's debt is well covered by operating cash flow (20.9%).
Interest Coverage: 603236's interest payments on its debt are well covered by EBIT (9.1x coverage).