Ocean's King Lighting Science & Technology Balance Sheet Health
Financial Health criteria checks 4/6
Ocean's King Lighting Science & Technology has a total shareholder equity of CN¥3.0B and total debt of CN¥36.3M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CN¥3.7B and CN¥650.5M respectively.
Key information
1.2%
Debt to equity ratio
CN¥36.29m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥967.19m |
| Equity | CN¥3.04b |
| Total liabilities | CN¥650.54m |
| Total assets | CN¥3.69b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002724's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥631.6M).
Long Term Liabilities: 002724's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥19.0M).
Debt to Equity History and Analysis
Debt Level: 002724 has more cash than its total debt.
Reducing Debt: 002724's debt to equity ratio has increased from 0% to 1.2% over the past 5 years.
Debt Coverage: 002724's debt is well covered by operating cash flow (668.6%).
Interest Coverage: Insufficient data to determine if 002724's interest payments on its debt are well covered by EBIT.