Hengdian Group Tospo Lighting Balance Sheet Health
Financial Health criteria checks 6/6
Hengdian Group Tospo Lighting has a total shareholder equity of CN¥3.6B and total debt of CN¥120.0M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are CN¥6.6B and CN¥3.0B respectively. Hengdian Group Tospo Lighting's EBIT is CN¥300.6M making its interest coverage ratio -4. It has cash and short-term investments of CN¥3.6B.
Key information
3.3%
Debt to equity ratio
CN¥120.00m
Debt
Interest coverage ratio | -4x |
Cash | CN¥3.55b |
Equity | CN¥3.63b |
Total liabilities | CN¥2.99b |
Total assets | CN¥6.62b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603303's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 603303's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥33.2M).
Debt to Equity History and Analysis
Debt Level: 603303 has more cash than its total debt.
Reducing Debt: 603303's debt to equity ratio has reduced from 8% to 3.3% over the past 5 years.
Debt Coverage: 603303's debt is well covered by operating cash flow (805%).
Interest Coverage: 603303 earns more interest than it pays, so coverage of interest payments is not a concern.