DorightLtd Balance Sheet Health
Financial Health criteria checks 6/6
DorightLtd has a total shareholder equity of CN¥716.8M and total debt of CN¥6.9M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are CN¥1.1B and CN¥341.5M respectively. DorightLtd's EBIT is CN¥76.4M making its interest coverage ratio -27.2. It has cash and short-term investments of CN¥282.4M.
Key information
1.0%
Debt to equity ratio
CN¥6.90m
Debt
Interest coverage ratio | -27.2x |
Cash | CN¥282.44m |
Equity | CN¥716.85m |
Total liabilities | CN¥341.55m |
Total assets | CN¥1.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300950's short term assets (CN¥690.5M) exceed its short term liabilities (CN¥325.4M).
Long Term Liabilities: 300950's short term assets (CN¥690.5M) exceed its long term liabilities (CN¥16.1M).
Debt to Equity History and Analysis
Debt Level: 300950 has more cash than its total debt.
Reducing Debt: 300950's debt to equity ratio has reduced from 2.9% to 1% over the past 5 years.
Debt Coverage: 300950's debt is well covered by operating cash flow (620.1%).
Interest Coverage: 300950 earns more interest than it pays, so coverage of interest payments is not a concern.