Zhejiang Jinghua Laser TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Jinghua Laser TechnologyLtd has a total shareholder equity of CN¥1.0B and total debt of CN¥140.3M, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are CN¥1.4B and CN¥370.0M respectively. Zhejiang Jinghua Laser TechnologyLtd's EBIT is CN¥87.8M making its interest coverage ratio -14. It has cash and short-term investments of CN¥483.7M.
Key information
13.6%
Debt to equity ratio
CN¥140.26m
Debt
Interest coverage ratio | -14x |
Cash | CN¥483.70m |
Equity | CN¥1.03b |
Total liabilities | CN¥369.99m |
Total assets | CN¥1.40b |
Financial Position Analysis
Short Term Liabilities: 603607's short term assets (CN¥899.4M) exceed its short term liabilities (CN¥358.6M).
Long Term Liabilities: 603607's short term assets (CN¥899.4M) exceed its long term liabilities (CN¥11.4M).
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 13.6% over the past 5 years.
Debt Coverage: 603607's debt is well covered by operating cash flow (73.1%).
Interest Coverage: 603607 earns more interest than it pays, so coverage of interest payments is not a concern.