Xi'an Bright Laser TechnologiesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Xi'an Bright Laser TechnologiesLtd has a total shareholder equity of CN¥4.8B and total debt of CN¥789.1M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are CN¥6.5B and CN¥1.7B respectively. Xi'an Bright Laser TechnologiesLtd's EBIT is CN¥124.8M making its interest coverage ratio 9.7. It has cash and short-term investments of CN¥2.8B.
Key information
16.4%
Debt to equity ratio
CN¥789.12m
Debt
Interest coverage ratio | 9.7x |
Cash | CN¥2.83b |
Equity | CN¥4.80b |
Total liabilities | CN¥1.68b |
Total assets | CN¥6.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688333's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 688333's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥427.1M).
Debt to Equity History and Analysis
Debt Level: 688333 has more cash than its total debt.
Reducing Debt: 688333's debt to equity ratio has reduced from 37.5% to 16.4% over the past 5 years.
Debt Coverage: 688333's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688333's interest payments on its debt are well covered by EBIT (9.7x coverage).