OKE Precision Cutting Tools Balance Sheet Health
Financial Health criteria checks 4/6
OKE Precision Cutting Tools has a total shareholder equity of CN¥2.6B and total debt of CN¥834.0M, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are CN¥4.0B and CN¥1.4B respectively. OKE Precision Cutting Tools's EBIT is CN¥95.0M making its interest coverage ratio -39.1. It has cash and short-term investments of CN¥1.1B.
Key information
32.3%
Debt to equity ratio
CN¥834.00m
Debt
| Interest coverage ratio | -39.1x |
| Cash | CN¥1.11b |
| Equity | CN¥2.59b |
| Total liabilities | CN¥1.40b |
| Total assets | CN¥3.98b |
Recent financial health updates
No updates
Recent updates
OKE Precision Cutting Tools' (SHSE:688308) Returns On Capital Not Reflecting Well On The Business
Jun 26
OKE Precision Cutting Tools Co., Ltd.'s (SHSE:688308) Shares Leap 26% Yet They're Still Not Telling The Full Story
May 09OKE Precision Cutting Tools' (SHSE:688308) Weak Earnings Might Be Worse Than They Appear
Apr 16OKE Precision Cutting Tools Co., Ltd.'s (SHSE:688308) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
Mar 04Financial Position Analysis
Short Term Liabilities: 688308's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 688308's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥113.0M).
Debt to Equity History and Analysis
Debt Level: 688308 has more cash than its total debt.
Reducing Debt: 688308's debt to equity ratio has increased from 14.5% to 32.3% over the past 5 years.
Debt Coverage: 688308's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688308 earns more interest than it pays, so coverage of interest payments is not a concern.