Zhejiang Jinghua Laser TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Jinghua Laser TechnologyLtd has a total shareholder equity of CN¥1.0B and total debt of CN¥319.5M, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are CN¥1.6B and CN¥570.3M respectively. Zhejiang Jinghua Laser TechnologyLtd's EBIT is CN¥107.1M making its interest coverage ratio -10.6. It has cash and short-term investments of CN¥644.9M.
Key information
31.0%
Debt to equity ratio
CN¥319.50m
Debt
| Interest coverage ratio | -10.6x |
| Cash | CN¥644.90m |
| Equity | CN¥1.03b |
| Total liabilities | CN¥570.27m |
| Total assets | CN¥1.60b |
Recent financial health updates
No updates
Recent updates
Optimistic Investors Push Zhejiang Jinghua Laser Technology Co.,Ltd (SHSE:603607) Shares Up 30% But Growth Is Lacking
Sep 24
Returns On Capital At Zhejiang Jinghua Laser TechnologyLtd (SHSE:603607) Have Stalled
Aug 28Zhejiang Jinghua Laser Technology Co.,Ltd's (SHSE:603607) Share Price Not Quite Adding Up
Jul 19There Are Reasons To Feel Uneasy About Zhejiang Jinghua Laser TechnologyLtd's (SHSE:603607) Returns On Capital
Mar 26Risks To Shareholder Returns Are Elevated At These Prices For Zhejiang Jinghua Laser Technology Co.,Ltd (SHSE:603607)
Mar 02Financial Position Analysis
Short Term Liabilities: 603607's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥560.4M).
Long Term Liabilities: 603607's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥9.9M).
Debt to Equity History and Analysis
Debt Level: 603607 has more cash than its total debt.
Reducing Debt: 603607's debt to equity ratio has increased from 0% to 31% over the past 5 years.
Debt Coverage: 603607's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: 603607 earns more interest than it pays, so coverage of interest payments is not a concern.