Qifu Technology Balance Sheet Health
Financial Health criteria checks 5/6
Qifu Technology has a total shareholder equity of CN¥22.0B and total debt of CN¥889.2M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are CN¥45.8B and CN¥23.8B respectively. Qifu Technology's EBIT is CN¥7.9B making its interest coverage ratio -36.4. It has cash and short-term investments of CN¥4.2B.
Key information
4.0%
Debt to equity ratio
CN¥889.21m
Debt
Interest coverage ratio | -36.4x |
Cash | CN¥4.19b |
Equity | CN¥22.01b |
Total liabilities | CN¥23.81b |
Total assets | CN¥45.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3660's short term assets (CN¥39.8B) exceed its short term liabilities (CN¥19.9B).
Long Term Liabilities: 3660's short term assets (CN¥39.8B) exceed its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: 3660 has more cash than its total debt.
Reducing Debt: 3660's debt to equity ratio has increased from 0.3% to 4% over the past 5 years.
Debt Coverage: 3660's debt is well covered by operating cash flow (800.5%).
Interest Coverage: 3660 earns more interest than it pays, so coverage of interest payments is not a concern.