Xi'an Bright Laser TechnologiesLtd Balance Sheet Health
Financial Health criteria checks 4/6
Xi'an Bright Laser TechnologiesLtd has a total shareholder equity of CN¥4.8B and total debt of CN¥885.1M, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are CN¥6.9B and CN¥2.1B respectively. Xi'an Bright Laser TechnologiesLtd's EBIT is CN¥11.4M making its interest coverage ratio -1.4. It has cash and short-term investments of CN¥2.4B.
Key information
18.4%
Debt to equity ratio
CN¥885.10m
Debt
| Interest coverage ratio | -1.4x |
| Cash | CN¥2.37b |
| Equity | CN¥4.82b |
| Total liabilities | CN¥2.11b |
| Total assets | CN¥6.93b |
Recent financial health updates
Recent updates
Xi'an Bright Laser TechnologiesLtd's (SHSE:688333) Returns On Capital Not Reflecting Well On The Business
Dec 19
We Think That There Are More Issues For Xi'an Bright Laser TechnologiesLtd (SHSE:688333) Than Just Sluggish Earnings
Nov 06Xi'an Bright Laser Technologies Co.,Ltd. (SHSE:688333) Stocks Shoot Up 43% But Its P/E Still Looks Reasonable
Oct 09Should You Think About Buying Xi'an Bright Laser Technologies Co.,Ltd. (SHSE:688333) Now?
Sep 18Xi'an Bright Laser TechnologiesLtd (SHSE:688333) May Have Issues Allocating Its Capital
Aug 29Xi'an Bright Laser Technologies Co.,Ltd. (SHSE:688333) Not Flying Under The Radar
Jun 27Does Xi'an Bright Laser TechnologiesLtd (SHSE:688333) Have A Healthy Balance Sheet?
Jun 10Investors Could Be Concerned With Xi'an Bright Laser TechnologiesLtd's (SHSE:688333) Returns On Capital
May 22Should You Be Adding Xi'an Bright Laser TechnologiesLtd (SHSE:688333) To Your Watchlist Today?
Apr 22Statutory Earnings May Not Be The Best Way To Understand Xi'an Bright Laser TechnologiesLtd's (SHSE:688333) True Position
Apr 03Xi'an Bright Laser Technologies Co.,Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 31Xi'an Bright Laser Technologies Co.,Ltd. (SHSE:688333) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable
Mar 07Financial Position Analysis
Short Term Liabilities: 688333's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 688333's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥512.5M).
Debt to Equity History and Analysis
Debt Level: 688333 has more cash than its total debt.
Reducing Debt: 688333's debt to equity ratio has increased from 11.7% to 18.4% over the past 5 years.
Debt Coverage: 688333's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688333 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 | 2024/12/23 23:15 |
| End of Day Share Price | 2024/12/23 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 |
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| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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
Xi'an Bright Laser Technologies Co.,Ltd. is covered by 9 analysts. 4 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 |
|---|---|
| Chao Wang | China Merchants Securities Co. Ltd. |
| Min Ji | Citic Securities Co., Ltd. |
| Cong Li | Huatai Research |