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
Here's Why Xiamen Changelight (SZSE:300102) Has A Meaningful Debt Burden
Dec 20
Does Xiamen Changelight (SZSE:300102) Have A Healthy Balance Sheet?
May 14Recent updates
Here's Why Xiamen Changelight (SZSE:300102) Has A Meaningful Debt Burden
Dec 20Returns At Xiamen Changelight (SZSE:300102) Are On The Way Up
Dec 03There's No Escaping Xiamen Changelight Co., Ltd.'s (SZSE:300102) Muted Revenues Despite A 94% Share Price Rise
Oct 23Shareholders 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 20:32 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Xiamen Changelight Co., Ltd. is covered by 8 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zhiyong Zhu | AJ Securities Co., Ltd |
| LEI ZHAO | Everbright Securities Co. Ltd. |
| Ying Jiang | Guodu Securities Co. |