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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 17:54 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
OKE Precision Cutting Tools Co., Ltd. is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Fu Yang | Chasing Securities |
| Pei Lu | China Galaxy Securities Co., Ltd. |
| Weixiu Guo | China International Capital Corporation Limited |