Focus Lightings Tech Balance Sheet Health
Financial Health criteria checks 6/6
Focus Lightings Tech has a total shareholder equity of CN¥2.7B and total debt of CN¥796.0M, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are CN¥4.8B and CN¥2.1B respectively. Focus Lightings Tech's EBIT is CN¥160.0M making its interest coverage ratio -2.8. It has cash and short-term investments of CN¥2.1B.
Key information
29.7%
Debt to equity ratio
CN¥796.00m
Debt
| Interest coverage ratio | -2.8x |
| Cash | CN¥2.11b |
| Equity | CN¥2.68b |
| Total liabilities | CN¥2.13b |
| Total assets | CN¥4.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300708's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 300708's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥105.0K).
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 95.8% to 29.7% over the past 5 years.
Debt Coverage: 300708's debt is well covered by operating cash flow (48.8%).
Interest Coverage: 300708 earns more interest than it pays, so coverage of interest payments is not a concern.