Shaanxi Lighte Optoelectronics MaterialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shaanxi Lighte Optoelectronics MaterialLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥136.2M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are CN¥2.0B and CN¥249.2M respectively. Shaanxi Lighte Optoelectronics MaterialLtd's EBIT is CN¥86.9M making its interest coverage ratio -31.1. It has cash and short-term investments of CN¥912.7M.
Key information
7.8%
Debt to equity ratio
CN¥136.16m
Debt
Interest coverage ratio | -31.1x |
Cash | CN¥912.68m |
Equity | CN¥1.74b |
Total liabilities | CN¥249.22m |
Total assets | CN¥1.99b |
Financial Position Analysis
Short Term Liabilities: 688150's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥103.8M).
Long Term Liabilities: 688150's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥145.4M).
Debt to Equity History and Analysis
Debt Level: 688150 has more cash than its total debt.
Reducing Debt: 688150's debt to equity ratio has reduced from 14.8% to 7.8% over the past 5 years.
Debt Coverage: 688150's debt is well covered by operating cash flow (53.8%).
Interest Coverage: 688150 earns more interest than it pays, so coverage of interest payments is not a concern.