Daoming Optics&ChemicalLtd Balance Sheet Health
Financial Health criteria checks 5/6
Daoming Optics&ChemicalLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥375.2M, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are CN¥3.1B and CN¥794.7M respectively. Daoming Optics&ChemicalLtd's EBIT is CN¥224.1M making its interest coverage ratio -119.9. It has cash and short-term investments of CN¥949.0M.
Key information
16.6%
Debt to equity ratio
CN¥375.20m
Debt
| Interest coverage ratio | -119.9x |
| Cash | CN¥948.95m |
| Equity | CN¥2.27b |
| Total liabilities | CN¥794.75m |
| Total assets | CN¥3.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002632's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥763.5M).
Long Term Liabilities: 002632's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥31.2M).
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 increased from 0% to 16.6% over the past 5 years.
Debt Coverage: 002632's debt is well covered by operating cash flow (62.7%).
Interest Coverage: 002632 earns more interest than it pays, so coverage of interest payments is not a concern.