Xiamen Changelight Balance Sheet Health
Financial Health criteria checks 5/6
Xiamen Changelight has a total shareholder equity of CN¥4.1B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 32.9%. Its total assets and total liabilities are CN¥6.4B and CN¥2.4B respectively. Xiamen Changelight's EBIT is CN¥56.5M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥928.8M.
Key information
32.9%
Debt to equity ratio
CN¥1.33b
Debt
| Interest coverage ratio | 1.7x |
| Cash | CN¥928.77m |
| Equity | CN¥4.05b |
| Total liabilities | CN¥2.39b |
| Total assets | CN¥6.45b |
Recent financial health updates
Recent updates
There's No Escaping Xiamen Changelight Co., Ltd.'s (SZSE:300102) Muted Revenues Despite A 94% Share Price Rise
Oct 23
Shareholders Shouldn’t Be Too Comfortable With Xiamen Changelight's (SZSE:300102) Strong Earnings
Oct 18Why Investors Shouldn't Be Surprised By Xiamen Changelight Co., Ltd.'s (SZSE:300102) 29% Share Price Plunge
Sep 08Investors Will Want Xiamen Changelight's (SZSE:300102) Growth In ROCE To Persist
Jul 18Xiamen Changelight Co., Ltd. (SZSE:300102) Looks Inexpensive But Perhaps Not Attractive Enough
Jun 26Does Xiamen Changelight (SZSE:300102) Have A Healthy Balance Sheet?
May 14Shareholders Shouldn’t Be Too Comfortable With Xiamen Changelight's (SZSE:300102) Strong Earnings
Apr 01There's No Escaping Xiamen Changelight Co., Ltd.'s (SZSE:300102) Muted Revenues Despite A 29% Share Price Rise
Mar 06Financial Position Analysis
Short Term Liabilities: 300102's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 300102's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥839.2M).
Debt to Equity History and Analysis
Debt Level: 300102's net debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: 300102's debt to equity ratio has reduced from 95.9% to 32.9% over the past 5 years.
Debt Coverage: 300102's debt is well covered by operating cash flow (20.5%).
Interest Coverage: 300102's interest payments on its debt are not well covered by EBIT (1.7x coverage).