Shaanxi Lighte Optoelectronics MaterialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shaanxi Lighte Optoelectronics MaterialLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥185.7M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are CN¥2.1B and CN¥306.6M respectively. Shaanxi Lighte Optoelectronics MaterialLtd's EBIT is CN¥149.5M making its interest coverage ratio -30.8. It has cash and short-term investments of CN¥985.2M.
Key information
10.5%
Debt to equity ratio
CN¥185.69m
Debt
| Interest coverage ratio | -30.8x |
| Cash | CN¥985.18m |
| Equity | CN¥1.76b |
| Total liabilities | CN¥306.58m |
| Total assets | CN¥2.07b |
Recent financial health updates
Is Shaanxi Lighte Optoelectronics MaterialLtd (SHSE:688150) Using Too Much Debt?
Sep 25
Is Shaanxi Lighte Optoelectronics MaterialLtd (SHSE:688150) A Risky Investment?
Jun 26Recent updates
Is It Time To Consider Buying Shaanxi Lighte Optoelectronics Material Co.,Ltd (SHSE:688150)?
Nov 19Shaanxi Lighte Optoelectronics MaterialLtd's (SHSE:688150) Earnings Are Of Questionable Quality
Nov 02Shaanxi Lighte Optoelectronics MaterialLtd (SHSE:688150) Is Experiencing Growth In Returns On Capital
Oct 14Is Shaanxi Lighte Optoelectronics MaterialLtd (SHSE:688150) Using Too Much Debt?
Sep 25Is It Too Late To Consider Buying Shaanxi Lighte Optoelectronics Material Co.,Ltd (SHSE:688150)?
Aug 09Is Shaanxi Lighte Optoelectronics MaterialLtd (SHSE:688150) A Risky Investment?
Jun 26We Like These Underlying Return On Capital Trends At Shaanxi Lighte Optoelectronics MaterialLtd (SHSE:688150)
May 30Shaanxi Lighte Optoelectronics MaterialLtd's (SHSE:688150) Profits Appear To Have Quality Issues
May 02Investors Appear Satisfied With Shaanxi Lighte Optoelectronics Material Co.,Ltd's (SHSE:688150) Prospects As Shares Rocket 25%
Mar 15Financial Position Analysis
Short Term Liabilities: 688150's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥155.5M).
Long Term Liabilities: 688150's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥151.1M).
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 15.3% to 10.5% over the past 5 years.
Debt Coverage: 688150's debt is well covered by operating cash flow (91.2%).
Interest Coverage: 688150 earns more interest than it pays, so coverage of interest payments is not a concern.