Qifu Technology Balance Sheet Health
Financial Health criteria checks 6/6
Qifu Technology has a total shareholder equity of CN¥22.9B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are CN¥47.0B and CN¥24.1B respectively. Qifu Technology's EBIT is CN¥7.9B making its interest coverage ratio -37.6. It has cash and short-term investments of CN¥7.4B.
Key information
5.6%
Debt to equity ratio
CN¥1.28b
Debt
| Interest coverage ratio | -37.6x |
| Cash | CN¥7.41b |
| Equity | CN¥22.90b |
| Total liabilities | CN¥24.09b |
| Total assets | CN¥46.99b |
Recent financial health updates
No updates
Recent updates
Even With A 28% Surge, Cautious Investors Are Not Rewarding Qifu Technology, Inc.'s (NASDAQ:QFIN) Performance Completely
Dec 14
Qifu Technology, Despite Its Positive Quant Factor Grades, Is A Hold For Me
Nov 25Qifu Technology: An Underrated Fintech Stock
Oct 16Qifu Technology, Inc.'s (NASDAQ:QFIN) Shares Leap 25% Yet They're Still Not Telling The Full Story
Oct 03Qifu Technology (NASDAQ:QFIN) Will Pay A Larger Dividend Than Last Year At CN¥0.59
Aug 22Qifu Technology, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Aug 17Qifu Technology: Attractive Shareholder Yield And Positive Earnings Outlook
Aug 16Qifu Technology, Inc. (NASDAQ:QFIN) Doing What It Can To Lift Shares
Jul 16Qifu Technology: Still Positive Considering Favorable Guidance And Metrics
Jun 04Qifu Technology, Inc. (NASDAQ:QFIN) Soars 31% But It's A Story Of Risk Vs Reward
Mar 21Qifu Technology: Turning Bullish On Revenue Beat And New Buyback Plan (Rating Upgrade)
Mar 15Qifu Technology, Inc. (NASDAQ:QFIN) Yearly Results: Here's What Analysts Are Forecasting For This Year
Mar 14Qifu Technology, Inc.'s (NASDAQ:QFIN) Shares Not Telling The Full Story
Jan 17360 DigiTech: Favorable Risk Reward At Current Price
Oct 06360 DigiTech declares $0.18 dividend
Aug 18360 DigiTech stock falls despite Daiwa initiating the company with a buy rating
Jul 11360 DigiTech: Undervalued Artificial Technology Stock With Certain Risks
Jun 21Financial Position Analysis
Short Term Liabilities: QFIN's short term assets (CN¥41.7B) exceed its short term liabilities (CN¥16.3B).
Long Term Liabilities: QFIN's short term assets (CN¥41.7B) exceed its long term liabilities (CN¥7.8B).
Debt to Equity History and Analysis
Debt Level: QFIN has more cash than its total debt.
Reducing Debt: QFIN's debt to equity ratio has reduced from 22.8% to 5.6% over the past 5 years.
Debt Coverage: QFIN's debt is well covered by operating cash flow (677.6%).
Interest Coverage: QFIN earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 09:24 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Qifu Technology, Inc. is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Emma Xu | BofA Global Research |
| Yung Chen | CCB International Securities Limited |
| Xie Yuan | CCB International Securities Limited |