Shenzhen Refond OptoelectronicsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Refond OptoelectronicsLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥323.8M, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are CN¥3.3B and CN¥1.2B respectively. Shenzhen Refond OptoelectronicsLtd's EBIT is CN¥3.7M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥280.3M.
Key information
15.1%
Debt to equity ratio
CN¥323.80m
Debt
| Interest coverage ratio | -0.2x |
| Cash | CN¥280.30m |
| Equity | CN¥2.15b |
| Total liabilities | CN¥1.19b |
| Total assets | CN¥3.34b |
Recent financial health updates
No updates
Recent updates
Shenzhen Refond Optoelectronics Co.,Ltd. (SZSE:300241) Surges 51% Yet Its Low P/S Is No Reason For Excitement
Oct 08
Shenzhen Refond Optoelectronics Co.,Ltd.'s (SZSE:300241) Revenues Are Not Doing Enough For Some Investors
Aug 20Shenzhen Refond Optoelectronics Co.,Ltd.'s (SZSE:300241) Shares Bounce 28% But Its Business Still Trails The Industry
May 21Financial Position Analysis
Short Term Liabilities: 300241's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 300241's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥96.3M).
Debt to Equity History and Analysis
Debt Level: 300241's net debt to equity ratio (2%) is considered satisfactory.
Reducing Debt: 300241's debt to equity ratio has increased from 6.6% to 15.1% over the past 5 years.
Debt Coverage: 300241's debt is well covered by operating cash flow (61.4%).
Interest Coverage: 300241 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 02:23 |
| End of Day Share Price | 2024/12/19 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
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Industry and Sector Metrics
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Analyst Sources
Shenzhen Refond Optoelectronics Co.,Ltd. is covered by 7 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 |
|---|---|
| Xiaoqiang Gao | Changjiang Securities Co. LTD. |
| Jian Kuai | Everbright Securities Co. Ltd. |
| Cheng Yuan | Great Wall Securities Co., Ltd. |