OKE Precision Cutting Tools Balance Sheet Health
Financial Health criteria checks 4/6
OKE Precision Cutting Tools has a total shareholder equity of CN¥2.6B and total debt of CN¥820.4M, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are CN¥3.9B and CN¥1.4B respectively. OKE Precision Cutting Tools's EBIT is CN¥78.3M making its interest coverage ratio 33.3. It has cash and short-term investments of CN¥749.0M.
Key information
31.7%
Debt to equity ratio
CN¥820.42m
Debt
| Interest coverage ratio | 33.3x |
| Cash | CN¥748.95m |
| Equity | CN¥2.59b |
| Total liabilities | CN¥1.36b |
| Total assets | CN¥3.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688308's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 688308's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥109.5M).
Debt to Equity History and Analysis
Debt Level: 688308's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: 688308's debt to equity ratio has increased from 11.3% to 31.7% over the past 5 years.
Debt Coverage: 688308's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688308's interest payments on its debt are well covered by EBIT (33.3x coverage).