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¥356.6M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are CN¥3.2B and CN¥1.1B respectively. Shenzhen Refond OptoelectronicsLtd's EBIT is CN¥48.3M making its interest coverage ratio -2. It has cash and short-term investments of CN¥217.7M.
Key information
17.0%
Debt to equity ratio
CN¥356.62m
Debt
Interest coverage ratio | -2x |
Cash | CN¥217.70m |
Equity | CN¥2.10b |
Total liabilities | CN¥1.14b |
Total assets | CN¥3.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300241's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥976.9M).
Long Term Liabilities: 300241's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥158.9M).
Debt to Equity History and Analysis
Debt Level: 300241's net debt to equity ratio (6.6%) is considered satisfactory.
Reducing Debt: 300241's debt to equity ratio has increased from 9.9% to 17% over the past 5 years.
Debt Coverage: 300241's debt is well covered by operating cash flow (20.5%).
Interest Coverage: 300241 earns more interest than it pays, so coverage of interest payments is not a concern.