Suzhou QingYue Optoelectronics Technology Balance Sheet Health
Financial Health criteria checks 3/6
Suzhou QingYue Optoelectronics Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥537.7M, which brings its debt-to-equity ratio to 43.1%. Its total assets and total liabilities are CN¥2.1B and CN¥867.8M respectively.
Key information
43.1%
Debt to equity ratio
CN¥537.69m
Debt
Interest coverage ratio | n/a |
Cash | CN¥487.32m |
Equity | CN¥1.25b |
Total liabilities | CN¥867.82m |
Total assets | CN¥2.12b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 688496's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥669.5M).
Long Term Liabilities: 688496's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥198.3M).
Debt to Equity History and Analysis
Debt Level: 688496's net debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: 688496's debt to equity ratio has increased from 14.6% to 43.1% over the past 5 years.
Debt Coverage: 688496's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 688496's interest payments on its debt are well covered by EBIT.