Qingdao AInnovation Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao AInnovation Technology Group has a total shareholder equity of CN¥2.2B and total debt of CN¥91.8M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are CN¥3.3B and CN¥1.1B respectively.
Key information
4.1%
Debt to equity ratio
CN¥91.75m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.46b |
| Equity | CN¥2.22b |
| Total liabilities | CN¥1.07b |
| Total assets | CN¥3.29b |
Recent financial health updates
Companies Like Qingdao AInnovation Technology Group (HKG:2121) Are In A Position To Invest In Growth
Aug 18
Qingdao AInnovation Technology Group (HKG:2121) Is In A Good Position To Deliver On Growth Plans
Apr 29Recent updates
More Unpleasant Surprises Could Be In Store For Qingdao AInnovation Technology Group Co., Ltd.'s (HKG:2121) Shares After Tumbling 26%
Apr 08Analysts Have Been Trimming Their Qingdao AInnovation Technology Group Co., Ltd. (HKG:2121) Price Target After Its Latest Report
Mar 31Investors Appear Satisfied With Qingdao AInnovation Technology Group Co., Ltd.'s (HKG:2121) Prospects As Shares Rocket 31%
Apr 17Companies Like Qingdao AInnovation Technology Group (HKG:2121) Are In A Position To Invest In Growth
Aug 18Qingdao AInnovation Technology Group (HKG:2121) Is In A Good Position To Deliver On Growth Plans
Apr 29Financial Position Analysis
Short Term Liabilities: 2121's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥865.5M).
Long Term Liabilities: 2121's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥199.5M).
Debt to Equity History and Analysis
Debt Level: 2121 has more cash than its total debt.
Reducing Debt: 2121's debt to equity ratio has reduced from 220% to 4.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 2121 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 2121 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.