Mingyue Optical LensLtd Balance Sheet Health
Financial Health criteria checks 6/6
Mingyue Optical LensLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.8B and CN¥167.1M respectively. Mingyue Optical LensLtd's EBIT is CN¥170.2M making its interest coverage ratio -9.9. It has cash and short-term investments of CN¥1.1B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -9.9x |
| Cash | CN¥1.08b |
| Equity | CN¥1.65b |
| Total liabilities | CN¥167.06m |
| Total assets | CN¥1.82b |
Recent financial health updates
No updates
Recent updates
We Think You Should Be Aware Of Some Concerning Factors In Mingyue Optical LensLtd's (SZSE:301101) Earnings
May 01
Mingyue Optical LensLtd (SZSE:301101) Will Want To Turn Around Its Return Trends
Apr 12Mingyue Optical Lens Co.,Ltd.'s (SZSE:301101) Popularity With Investors Is Under Threat From Overpricing
Mar 05Financial Position Analysis
Short Term Liabilities: 301101's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥151.5M).
Long Term Liabilities: 301101's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥15.5M).
Debt to Equity History and Analysis
Debt Level: 301101 is debt free.
Reducing Debt: 301101 has no debt compared to 5 years ago when its debt to equity ratio was 16.4%.
Debt Coverage: 301101 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301101 has no debt, therefore coverage of interest payments is not a concern.