Hengdian Group Tospo Lighting Balance Sheet Health
Financial Health criteria checks 6/6
Hengdian Group Tospo Lighting has a total shareholder equity of CN¥3.5B and total debt of CN¥20.0M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥6.7B and CN¥3.2B respectively. Hengdian Group Tospo Lighting's EBIT is CN¥258.2M making its interest coverage ratio -2.8. It has cash and short-term investments of CN¥3.5B.
Key information
0.6%
Debt to equity ratio
CN¥20.00m
Debt
| Interest coverage ratio | -2.8x |
| Cash | CN¥3.46b |
| Equity | CN¥3.54b |
| Total liabilities | CN¥3.17b |
| Total assets | CN¥6.71b |
Recent financial health updates
Does Hengdian Group Tospo Lighting (SHSE:603303) Have A Healthy Balance Sheet?
Nov 14
Is Hengdian Group Tospo Lighting (SHSE:603303) Using Too Much Debt?
Mar 29Recent updates
Does Hengdian Group Tospo Lighting (SHSE:603303) Have A Healthy Balance Sheet?
Nov 14There's No Escaping Hengdian Group Tospo Lighting Co., Ltd.'s (SHSE:603303) Muted Earnings
Oct 15Estimating The Intrinsic Value Of Hengdian Group Tospo Lighting Co., Ltd. (SHSE:603303)
Aug 02Is Hengdian Group Tospo Lighting (SHSE:603303) Using Too Much Debt?
Mar 29Why Hengdian Group Tospo Lighting's (SHSE:603303) Earnings Are Better Than They Seem
Mar 13Hengdian Group Tospo Lighting Co., Ltd. (SHSE:603303) Stock Catapults 26% Though Its Price And Business Still Lag The Market
Mar 06Financial Position Analysis
Short Term Liabilities: 603303's short term assets (CN¥5.5B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 603303's short term assets (CN¥5.5B) exceed its long term liabilities (CN¥23.6M).
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 0.6% over the past 5 years.
Debt Coverage: 603303's debt is well covered by operating cash flow (900.3%).
Interest Coverage: 603303 earns more interest than it pays, so coverage of interest payments is not a concern.