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 |
| Cash | CN¥795.86m |
| Equity | CN¥2.13b |
| Total liabilities | CN¥857.27m |
| Total assets | CN¥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) 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¥1.8B) 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.