Qinqin Foodstuffs Group (Cayman) Balance Sheet Health
Financial Health criteria checks 5/6
Qinqin Foodstuffs Group (Cayman) has a total shareholder equity of CN¥1.2B and total debt of CN¥271.9M, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are CN¥1.8B and CN¥609.3M respectively. Qinqin Foodstuffs Group (Cayman)'s EBIT is CN¥3.2M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥500.1M.
Key information
22.0%
Debt to equity ratio
CN¥271.86m
Debt
| Interest coverage ratio | -0.6x |
| Cash | CN¥500.14m |
| Equity | CN¥1.23b |
| Total liabilities | CN¥609.34m |
| Total assets | CN¥1.84b |
Recent financial health updates
Qinqin Foodstuffs Group (Cayman) (HKG:1583) Has A Somewhat Strained Balance Sheet
Sep 12
Qinqin Foodstuffs Group (Cayman) (HKG:1583) Takes On Some Risk With Its Use Of Debt
Sep 21Qinqin Foodstuffs Group (Cayman) (HKG:1583) Takes On Some Risk With Its Use Of Debt
Jun 17Qinqin Foodstuffs Group (Cayman) (HKG:1583) Seems To Use Debt Quite Sensibly
Apr 20Recent updates
Qinqin Foodstuffs Group (Cayman) (HKG:1583) Has A Somewhat Strained Balance Sheet
Sep 12Qinqin Foodstuffs Group (Cayman) Company Limited's (HKG:1583) Shares May Have Run Too Fast Too Soon
Aug 19Most Shareholders Will Probably Find That The Compensation For Qinqin Foodstuffs Group (Cayman) Company Limited's (HKG:1583) CEO Is Reasonable
May 10There's Been No Shortage Of Growth Recently For Qinqin Foodstuffs Group (Cayman)'s (HKG:1583) Returns On Capital
Oct 17Qinqin Foodstuffs Group (Cayman) (HKG:1583) Takes On Some Risk With Its Use Of Debt
Sep 21Qinqin Foodstuffs Group (Cayman) (HKG:1583) Takes On Some Risk With Its Use Of Debt
Jun 17Qinqin Foodstuffs Group (Cayman) (HKG:1583) Might Be Having Difficulty Using Its Capital Effectively
May 10Qinqin Foodstuffs Group (Cayman) (HKG:1583) Seems To Use Debt Quite Sensibly
Apr 20Should You Be Impressed By Qinqin Foodstuffs Group (Cayman)'s (HKG:1583) Returns on Capital?
Mar 19How Much Of Qinqin Foodstuffs Group (Cayman) Company Limited (HKG:1583) Do Insiders Own?
Feb 15We're Not So Sure You Should Rely on Qinqin Foodstuffs Group (Cayman)'s (HKG:1583) Statutory Earnings
Jan 25Has Qinqin Foodstuffs Group (Cayman) Company Limited (HKG:1583) Stock's Recent Performance Got Anything to Do With Its Financial Health?
Jan 03
Should You Take Comfort From Insider Transactions At Qinqin Foodstuffs Group (Cayman) Company Limited (HKG:1583)?
Dec 19Should Qinqin Foodstuffs Group (Cayman) (HKG:1583) Be Disappointed With Their 14% Profit?
Dec 06Has Qinqin Foodstuffs Group (Cayman) (HKG:1583) Got What It Takes To Become A Multi-Bagger?
Nov 24Financial Position Analysis
Short Term Liabilities: 1583's short term assets (CN¥612.0M) exceed its short term liabilities (CN¥407.4M).
Long Term Liabilities: 1583's short term assets (CN¥612.0M) exceed its long term liabilities (CN¥202.0M).
Debt to Equity History and Analysis
Debt Level: 1583 has more cash than its total debt.
Reducing Debt: 1583's debt to equity ratio has increased from 0% to 22% over the past 5 years.
Debt Coverage: 1583's debt is well covered by operating cash flow (47.6%).
Interest Coverage: 1583 earns more interest than it pays, so coverage of interest payments is not a concern.