Qifu Technology Balance Sheet Health
Financial Health criteria checks 6/6
Qifu Technology has a total shareholder equity of CN¥22.6B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CN¥47.0B and CN¥24.4B respectively. Qifu Technology's EBIT is CN¥7.7B making its interest coverage ratio -40.1. It has cash and short-term investments of CN¥6.6B.
Key information
5.4%
Debt to equity ratio
CN¥1.23b
Debt
| Interest coverage ratio | -40.1x |
| Cash | CN¥6.63b |
| Equity | CN¥22.63b |
| Total liabilities | CN¥24.35b |
| Total assets | CN¥46.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3660's short term assets (CN¥41.4B) exceed its short term liabilities (CN¥16.9B).
Long Term Liabilities: 3660's short term assets (CN¥41.4B) exceed its long term liabilities (CN¥7.5B).
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 reduced from 24.2% to 5.4% over the past 5 years.
Debt Coverage: 3660's debt is well covered by operating cash flow (611.2%).
Interest Coverage: 3660 earns more interest than it pays, so coverage of interest payments is not a concern.