Xiamen Changelight Balance Sheet Health
Financial Health criteria checks 4/6
Xiamen Changelight has a total shareholder equity of CN¥4.2B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are CN¥6.7B and CN¥2.5B respectively. Xiamen Changelight's EBIT is CN¥51.8M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥1.3B.
Key information
35.5%
Debt to equity ratio
CN¥1.48b
Debt
| Interest coverage ratio | 1.6x |
| Cash | CN¥1.31b |
| Equity | CN¥4.16b |
| Total liabilities | CN¥2.54b |
| Total assets | CN¥6.70b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300102's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 300102's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥962.7M).
Debt to Equity History and Analysis
Debt Level: 300102's net debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: 300102's debt to equity ratio has reduced from 75.4% to 35.5% over the past 5 years.
Debt Coverage: 300102's debt is not well covered by operating cash flow (18%).
Interest Coverage: 300102's interest payments on its debt are not well covered by EBIT (1.6x coverage).