Darbond Technology Balance Sheet Health
Financial Health criteria checks 6/6
Darbond Technology has a total shareholder equity of CN¥2.3B and total debt of CN¥198.0M, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are CN¥2.8B and CN¥495.5M respectively. Darbond Technology's EBIT is CN¥75.6M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥749.9M.
Key information
8.7%
Debt to equity ratio
CN¥198.03m
Debt
Interest coverage ratio | -3.1x |
Cash | CN¥749.94m |
Equity | CN¥2.27b |
Total liabilities | CN¥495.48m |
Total assets | CN¥2.76b |
Recent financial health updates
Recent updates
Darbond Technology's (SHSE:688035) Problems Go Beyond Weak Profit
Apr 27Is Darbond Technology (SHSE:688035) Using Too Much Debt?
Apr 21Why Investors Shouldn't Be Surprised By Darbond Technology Co., Ltd's (SHSE:688035) 26% Share Price Surge
Mar 04Investors Could Be Concerned With Darbond Technology's (SHSE:688035) Returns On Capital
Feb 26Financial Position Analysis
Short Term Liabilities: 688035's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥416.2M).
Long Term Liabilities: 688035's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥79.3M).
Debt to Equity History and Analysis
Debt Level: 688035 has more cash than its total debt.
Reducing Debt: 688035's debt to equity ratio has reduced from 14% to 8.7% over the past 5 years.
Debt Coverage: 688035's debt is well covered by operating cash flow (73%).
Interest Coverage: 688035 earns more interest than it pays, so coverage of interest payments is not a concern.