Focus Lightings Tech Balance Sheet Health
Financial Health criteria checks 6/6
Focus Lightings Tech has a total shareholder equity of CN¥2.6B and total debt of CN¥872.3M, which brings its debt-to-equity ratio to 33.9%. Its total assets and total liabilities are CN¥4.5B and CN¥1.9B respectively. Focus Lightings Tech's EBIT is CN¥86.3M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥1.9B.
Key information
33.9%
Debt to equity ratio
CN¥872.30m
Debt
Interest coverage ratio | -1.7x |
Cash | CN¥1.94b |
Equity | CN¥2.57b |
Total liabilities | CN¥1.93b |
Total assets | CN¥4.50b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300708's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 300708's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥164.3K).
Debt to Equity History and Analysis
Debt Level: 300708 has more cash than its total debt.
Reducing Debt: 300708's debt to equity ratio has reduced from 83.7% to 33.9% over the past 5 years.
Debt Coverage: 300708's debt is well covered by operating cash flow (38.9%).
Interest Coverage: 300708 earns more interest than it pays, so coverage of interest payments is not a concern.