Wuhan DR Laser TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Wuhan DR Laser TechnologyLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥758.7M, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are CN¥6.8B and CN¥3.6B respectively. Wuhan DR Laser TechnologyLtd's EBIT is CN¥484.0M making its interest coverage ratio -11.7. It has cash and short-term investments of CN¥497.2M.
Key information
24.0%
Debt to equity ratio
CN¥758.69m
Debt
Interest coverage ratio | -11.7x |
Cash | CN¥497.21m |
Equity | CN¥3.16b |
Total liabilities | CN¥3.62b |
Total assets | CN¥6.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300776's short term assets (CN¥6.2B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 300776's short term assets (CN¥6.2B) exceed its long term liabilities (CN¥820.1M).
Debt to Equity History and Analysis
Debt Level: 300776's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: 300776's debt to equity ratio has increased from 0% to 24% over the past 5 years.
Debt Coverage: 300776's debt is well covered by operating cash flow (100.5%).
Interest Coverage: 300776 earns more interest than it pays, so coverage of interest payments is not a concern.