Opple LightingLTD Balance Sheet Health
Financial Health criteria checks 6/6
Opple LightingLTD has a total shareholder equity of CN¥6.6B and total debt of CN¥161.8M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CN¥9.4B and CN¥2.8B respectively. Opple LightingLTD's EBIT is CN¥969.8M making its interest coverage ratio -18.5. It has cash and short-term investments of CN¥5.4B.
Key information
2.4%
Debt to equity ratio
CN¥161.75m
Debt
Interest coverage ratio | -18.5x |
Cash | CN¥5.39b |
Equity | CN¥6.63b |
Total liabilities | CN¥2.76b |
Total assets | CN¥9.39b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603515's short term assets (CN¥6.6B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 603515's short term assets (CN¥6.6B) exceed its long term liabilities (CN¥76.6M).
Debt to Equity History and Analysis
Debt Level: 603515 has more cash than its total debt.
Reducing Debt: 603515's debt to equity ratio has reduced from 4% to 2.4% over the past 5 years.
Debt Coverage: 603515's debt is well covered by operating cash flow (795%).
Interest Coverage: 603515 earns more interest than it pays, so coverage of interest payments is not a concern.