Qinqin Foodstuffs Group (Cayman) Balance Sheet Health
Financial Health criteria checks 4/6
Qinqin Foodstuffs Group (Cayman) has a total shareholder equity of CN¥1.2B and total debt of CN¥292.3M, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are CN¥2.0B and CN¥762.7M respectively. Qinqin Foodstuffs Group (Cayman)'s EBIT is CN¥3.9M making its interest coverage ratio -0.7. It has cash and short-term investments of CN¥523.1M.
Key information
24.3%
Debt to equity ratio
CN¥292.29m
Debt
| Interest coverage ratio | -0.7x |
| Cash | CN¥523.12m |
| Equity | CN¥1.20b |
| Total liabilities | CN¥762.74m |
| Total assets | CN¥1.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QQFS.F's short term assets (CN¥688.1M) exceed its short term liabilities (CN¥534.6M).
Long Term Liabilities: QQFS.F's short term assets (CN¥688.1M) exceed its long term liabilities (CN¥228.2M).
Debt to Equity History and Analysis
Debt Level: QQFS.F has more cash than its total debt.
Reducing Debt: QQFS.F's debt to equity ratio has increased from 0% to 24.3% over the past 5 years.
Debt Coverage: QQFS.F's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: QQFS.F earns more interest than it pays, so coverage of interest payments is not a concern.