Shenzhen Qingyi Photomask Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Qingyi Photomask has a total shareholder equity of CN¥1.4B and total debt of CN¥507.9M, which brings its debt-to-equity ratio to 36.2%. Its total assets and total liabilities are CN¥2.2B and CN¥822.7M respectively. Shenzhen Qingyi Photomask's EBIT is CN¥194.3M making its interest coverage ratio 56.6. It has cash and short-term investments of CN¥404.1M.
Key information
36.2%
Debt to equity ratio
CN¥507.88m
Debt
Interest coverage ratio | 56.6x |
Cash | CN¥404.14m |
Equity | CN¥1.40b |
Total liabilities | CN¥822.74m |
Total assets | CN¥2.23b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688138's short term assets (CN¥936.7M) exceed its short term liabilities (CN¥548.3M).
Long Term Liabilities: 688138's short term assets (CN¥936.7M) exceed its long term liabilities (CN¥274.5M).
Debt to Equity History and Analysis
Debt Level: 688138's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: 688138's debt to equity ratio has increased from 7.8% to 36.2% over the past 5 years.
Debt Coverage: 688138's debt is well covered by operating cash flow (38.8%).
Interest Coverage: 688138's interest payments on its debt are well covered by EBIT (56.6x coverage).