Hymson Laser Technology GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Hymson Laser Technology GroupLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥3.7B, which brings its debt-to-equity ratio to 103.5%. Its total assets and total liabilities are CN¥11.8B and CN¥8.2B respectively. Hymson Laser Technology GroupLtd's EBIT is CN¥142.2M making its interest coverage ratio 4. It has cash and short-term investments of CN¥1.6B.
Key information
103.5%
Debt to equity ratio
CN¥3.68b
Debt
| Interest coverage ratio | 4x |
| Cash | CN¥1.59b |
| Equity | CN¥3.55b |
| Total liabilities | CN¥8.22b |
| Total assets | CN¥11.77b |
Recent financial health updates
Recent updates
Hymson Laser Technology GroupLtd (SHSE:688559) Posted Weak Earnings But There Is More To Worry About
Nov 07
Hymson Laser Technology Group Co.,Ltd.'s (SHSE:688559) 46% Jump Shows Its Popularity With Investors
Oct 09Here's Why Hymson Laser Technology GroupLtd (SHSE:688559) Is Weighed Down By Its Debt Load
Aug 09Hymson Laser Technology GroupLtd (SHSE:688559) Has More To Do To Multiply In Value Going Forward
Jul 05Hymson Laser Technology Group Co.,Ltd. (SHSE:688559) Analysts Just Slashed This Year's Estimates
May 22Further Upside For Hymson Laser Technology Group Co.,Ltd. (SHSE:688559) Shares Could Introduce Price Risks After 32% Bounce
May 21Hymson Laser Technology GroupLtd's (SHSE:688559) Earnings Quality Is Low
Apr 21Hymson Laser Technology Group Co.,Ltd. (SHSE:688559) Soars 26% But It's A Story Of Risk Vs Reward
Mar 20Financial Position Analysis
Short Term Liabilities: 688559's short term assets (CN¥9.1B) exceed its short term liabilities (CN¥7.5B).
Long Term Liabilities: 688559's short term assets (CN¥9.1B) exceed its long term liabilities (CN¥722.7M).
Debt to Equity History and Analysis
Debt Level: 688559's net debt to equity ratio (58.8%) is considered high.
Reducing Debt: 688559's debt to equity ratio has increased from 88.2% to 103.5% over the past 5 years.
Debt Coverage: 688559's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688559's interest payments on its debt are well covered by EBIT (4x coverage).