China Qinfa Group Balance Sheet Health
Financial Health criteria checks 2/6
China Qinfa Group has a total shareholder equity of CN¥318.9M and total debt of CN¥3.6B, which brings its debt-to-equity ratio to 1118.2%. Its total assets and total liabilities are CN¥7.9B and CN¥7.5B respectively. China Qinfa Group's EBIT is CN¥445.2M making its interest coverage ratio 8.3. It has cash and short-term investments of CN¥302.7M.
Key information
1,118.2%
Debt to equity ratio
CN¥3.57b
Debt
| Interest coverage ratio | 8.3x |
| Cash | CN¥302.73m |
| Equity | CN¥318.92m |
| Total liabilities | CN¥7.54b |
| Total assets | CN¥7.86b |
Recent financial health updates
We Think China Qinfa Group (HKG:866) Is Taking Some Risk With Its Debt
Dec 19
China Qinfa Group (HKG:866) Has A Somewhat Strained Balance Sheet
Sep 11Is China Qinfa Group (HKG:866) Using Too Much Debt?
Nov 21Is China Qinfa Group (HKG:866) Using Too Much Debt?
Apr 28Recent updates
China Qinfa Group Limited's (HKG:866) Share Price Boosted 31% But Its Business Prospects Need A Lift Too
Apr 17Market Still Lacking Some Conviction On China Qinfa Group Limited (HKG:866)
Jan 17We Think China Qinfa Group (HKG:866) Is Taking Some Risk With Its Debt
Dec 19China Qinfa Group (HKG:866) Has A Somewhat Strained Balance Sheet
Sep 11Further Upside For China Qinfa Group Limited (HKG:866) Shares Could Introduce Price Risks After 28% Bounce
Aug 13Is China Qinfa Group (HKG:866) Using Too Much Debt?
Nov 21China Qinfa Group (HKG:866) Is Posting Healthy Earnings, But It Is Not All Good News
May 10Is China Qinfa Group (HKG:866) Using Too Much Debt?
Apr 28Who Has Been Buying China Qinfa Group Limited (HKG:866) Shares?
Feb 23China Qinfa Group's (HKG:866) Stock Price Has Reduced 34% In The Past Five Years
Dec 23
Did China Qinfa Group Limited (HKG:866) Insiders Buy Up More Shares?
Nov 25Financial Position Analysis
Short Term Liabilities: 866's short term assets (CN¥1.8B) do not cover its short term liabilities (CN¥5.2B).
Long Term Liabilities: 866's short term assets (CN¥1.8B) do not cover its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 866's net debt to equity ratio (1023.2%) is considered high.
Reducing Debt: 866's debt to equity ratio has increased from 930.6% to 1118.2% over the past 5 years.
Debt Coverage: 866's debt is well covered by operating cash flow (42.6%).
Interest Coverage: 866's interest payments on its debt are well covered by EBIT (8.3x coverage).