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¥4.9B and total debt of CN¥769.1M, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are CN¥6.7B and CN¥1.9B respectively. Xi'an Bright Laser TechnologiesLtd's EBIT is CN¥120.3M making its interest coverage ratio 18.6. It has cash and short-term investments of CN¥2.5B.
Key information
15.8%
Debt to equity ratio
CN¥769.14m
Debt
Interest coverage ratio | 18.6x |
Cash | CN¥2.53b |
Equity | CN¥4.87b |
Total liabilities | CN¥1.86b |
Total assets | CN¥6.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688333's short term assets (CN¥4.5B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 688333's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥469.2M).
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 27.5% to 15.8% 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 (18.6x coverage).