Daoming Optics&Chemical Co.,Ltd

SZSE:002632 Stock Report

Market Cap: CN¥5.1b

Daoming Optics&ChemicalLtd Balance Sheet Health

Financial Health criteria checks 5/6

Daoming Optics&ChemicalLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥405.0M, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are CN¥3.0B and CN¥857.3M respectively. Daoming Optics&ChemicalLtd's EBIT is CN¥182.0M making its interest coverage ratio -14.4. It has cash and short-term investments of CN¥795.9M.

Key information

19.0%

Debt to equity ratio

CN¥405.00m

Debt

Interest coverage ratio-14.4x
CashCN¥795.86m
EquityCN¥2.13b
Total liabilitiesCN¥857.27m
Total assetsCN¥2.98b

Recent financial health updates

Recent updates

Daoming Optics&ChemicalLtd (SZSE:002632) Could Easily Take On More Debt

Jun 18
Daoming Optics&ChemicalLtd (SZSE:002632) Could Easily Take On More Debt

Daoming Optics&ChemicalLtd (SZSE:002632) Is Paying Out Less In Dividends Than Last Year

May 27
Daoming Optics&ChemicalLtd (SZSE:002632) Is Paying Out Less In Dividends Than Last Year

There May Be Reason For Hope In Daoming Optics&ChemicalLtd's (SZSE:002632) Disappointing Earnings

May 06
There May Be Reason For Hope In Daoming Optics&ChemicalLtd's (SZSE:002632) Disappointing Earnings

Calculating The Fair Value Of Daoming Optics&Chemical Co.,Ltd (SZSE:002632)

Apr 12
Calculating The Fair Value Of Daoming Optics&Chemical Co.,Ltd (SZSE:002632)

Daoming Optics&Chemical Co.,Ltd's (SZSE:002632) Shares Climb 37% But Its Business Is Yet to Catch Up

Mar 05
Daoming Optics&Chemical Co.,Ltd's (SZSE:002632) Shares Climb 37% But Its Business Is Yet to Catch Up

Financial Position Analysis

Short Term Liabilities: 002632's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥830.5M).

Long Term Liabilities: 002632's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥26.8M).


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 16.6% to 19% over the past 5 years.

Debt Coverage: 002632's debt is well covered by operating cash flow (52.2%).

Interest Coverage: 002632 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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