Daoming Optics&ChemicalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Daoming Optics&ChemicalLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥250.2M, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are CN¥2.7B and CN¥635.2M respectively. Daoming Optics&ChemicalLtd's EBIT is CN¥206.1M making its interest coverage ratio -49.1. It has cash and short-term investments of CN¥654.3M.
Key information
11.9%
Debt to equity ratio
CN¥250.20m
Debt
| Interest coverage ratio | -49.1x |
| Cash | CN¥654.33m |
| Equity | CN¥2.10b |
| Total liabilities | CN¥635.23m |
| Total assets | CN¥2.73b |
Recent financial health updates
Does Daoming Optics&ChemicalLtd (SZSE:002632) Have A Healthy Balance Sheet?
Nov 29
Daoming Optics&ChemicalLtd (SZSE:002632) Could Easily Take On More Debt
Jun 18Recent updates
Does Daoming Optics&ChemicalLtd (SZSE:002632) Have A Healthy Balance Sheet?
Nov 29Daoming Optics&ChemicalLtd (SZSE:002632) Could Easily Take On More Debt
Jun 18Daoming Optics&ChemicalLtd (SZSE:002632) Is Paying Out Less In Dividends Than Last Year
May 27There May Be Reason For Hope In Daoming Optics&ChemicalLtd's (SZSE:002632) Disappointing Earnings
May 06Calculating The Fair Value Of Daoming Optics&Chemical Co.,Ltd (SZSE:002632)
Apr 12Daoming Optics&Chemical Co.,Ltd's (SZSE:002632) Shares Climb 37% But Its Business Is Yet to Catch Up
Mar 05Financial Position Analysis
Short Term Liabilities: 002632's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥608.3M).
Long Term Liabilities: 002632's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥27.0M).
Debt to Equity History and Analysis
Debt Level: 002632 has more cash than its total debt.
Reducing Debt: 002632's debt to equity ratio has reduced from 12.9% to 11.9% over the past 5 years.
Debt Coverage: 002632's debt is well covered by operating cash flow (114.3%).
Interest Coverage: 002632 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 18:39 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Daoming Optics&Chemical Co.,Ltd is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zheng Zhou | China Merchants Securities Co. Ltd. |
| Xiao Bao Liu | Everbright Securities Co. Ltd. |
| Zhenghua Zhang | Founder Securities Co., Ltd. |