Ocean's King Lighting Science & Technology Balance Sheet Health
Financial Health criteria checks 5/6
Ocean's King Lighting Science & Technology has a total shareholder equity of CN¥3.1B and total debt of CN¥62.5M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are CN¥3.9B and CN¥807.4M respectively. Ocean's King Lighting Science & Technology's EBIT is CN¥96.5M making its interest coverage ratio -35.9. It has cash and short-term investments of CN¥1.1B.
Key information
2.0%
Debt to equity ratio
CN¥62.51m
Debt
Interest coverage ratio | -35.9x |
Cash | CN¥1.11b |
Equity | CN¥3.11b |
Total liabilities | CN¥807.41m |
Total assets | CN¥3.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002724's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥783.8M).
Long Term Liabilities: 002724's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥23.6M).
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 2% over the past 5 years.
Debt Coverage: 002724's debt is well covered by operating cash flow (183.8%).
Interest Coverage: 002724 earns more interest than it pays, so coverage of interest payments is not a concern.