Hymson Laser Technology GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Hymson Laser Technology GroupLtd has a total shareholder equity of CN¥2.4B and total debt of CN¥3.3B, which brings its debt-to-equity ratio to 138.6%. Its total assets and total liabilities are CN¥10.8B and CN¥8.4B respectively. Hymson Laser Technology GroupLtd's EBIT is CN¥222.9M making its interest coverage ratio -58.7. It has cash and short-term investments of CN¥699.3M.
Key information
138.6%
Debt to equity ratio
CN¥3.30b
Debt
| Interest coverage ratio | -58.7x |
| Cash | CN¥699.32m |
| Equity | CN¥2.38b |
| Total liabilities | CN¥8.42b |
| Total assets | CN¥10.80b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688559's short term assets (CN¥8.4B) exceed its short term liabilities (CN¥7.8B).
Long Term Liabilities: 688559's short term assets (CN¥8.4B) exceed its long term liabilities (CN¥632.2M).
Debt to Equity History and Analysis
Debt Level: 688559's net debt to equity ratio (109.2%) is considered high.
Reducing Debt: 688559's debt to equity ratio has increased from 78.3% to 138.6% over the past 5 years.
Debt Coverage: 688559's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688559 earns more interest than it pays, so coverage of interest payments is not a concern.