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¥375.0M, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are CN¥3.1B and CN¥794.7M respectively. Daoming Optics&ChemicalLtd's EBIT is CN¥166.6M making its interest coverage ratio -17. It has cash and short-term investments of CN¥949.0M.
Key information
16.5%
Debt to equity ratio
CN¥375.00m
Debt
Interest coverage ratio | -17x |
Cash | CN¥948.95m |
Equity | CN¥2.27b |
Total liabilities | CN¥794.75m |
Total assets | CN¥3.06b |
Recent financial health updates
Recent updates
Daoming 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¥1.9B) 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 16.5% 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.