Shaanxi Lighte Optoelectronics MaterialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shaanxi Lighte Optoelectronics MaterialLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥169.3M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are CN¥2.1B and CN¥284.8M respectively. Shaanxi Lighte Optoelectronics MaterialLtd's EBIT is CN¥114.3M making its interest coverage ratio -26.6. It has cash and short-term investments of CN¥989.7M.
Key information
9.6%
Debt to equity ratio
CN¥169.27m
Debt
| Interest coverage ratio | -26.6x |
| Cash | CN¥989.74m |
| Equity | CN¥1.77b |
| Total liabilities | CN¥284.78m |
| Total assets | CN¥2.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688150's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥138.2M).
Long Term Liabilities: 688150's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥146.6M).
Debt to Equity History and Analysis
Debt Level: 688150 has more cash than its total debt.
Reducing Debt: 688150's debt to equity ratio has reduced from 15.1% to 9.6% over the past 5 years.
Debt Coverage: 688150's debt is well covered by operating cash flow (95.2%).
Interest Coverage: 688150 earns more interest than it pays, so coverage of interest payments is not a concern.