Darbond Technology Balance Sheet Health
Financial Health criteria checks 6/6
Darbond Technology has a total shareholder equity of CN¥2.3B and total debt of CN¥134.4M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are CN¥2.7B and CN¥426.3M respectively. Darbond Technology's EBIT is CN¥65.8M making its interest coverage ratio -3.2. It has cash and short-term investments of CN¥756.8M.
Key information
6.0%
Debt to equity ratio
CN¥134.39m
Debt
| Interest coverage ratio | -3.2x |
| Cash | CN¥756.83m |
| Equity | CN¥2.26b |
| Total liabilities | CN¥426.28m |
| Total assets | CN¥2.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688035's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥366.0M).
Long Term Liabilities: 688035's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥60.3M).
Debt to Equity History and Analysis
Debt Level: 688035 has more cash than its total debt.
Reducing Debt: 688035's debt to equity ratio has reduced from 13.6% to 6% over the past 5 years.
Debt Coverage: 688035's debt is well covered by operating cash flow (182.2%).
Interest Coverage: 688035 earns more interest than it pays, so coverage of interest payments is not a concern.