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¥185.7M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are CN¥2.1B and CN¥306.6M respectively. Shaanxi Lighte Optoelectronics MaterialLtd's EBIT is CN¥149.5M making its interest coverage ratio -30.8. It has cash and short-term investments of CN¥985.2M.
Key information
10.5%
Debt to equity ratio
CN¥185.69m
Debt
| Interest coverage ratio | -30.8x |
| Cash | CN¥985.18m |
| Equity | CN¥1.76b |
| Total liabilities | CN¥306.58m |
| Total assets | CN¥2.07b |
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¥155.5M).
Long Term Liabilities: 688150's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥151.1M).
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 15.3% to 10.5% over the past 5 years.
Debt Coverage: 688150's debt is well covered by operating cash flow (91.2%).
Interest Coverage: 688150 earns more interest than it pays, so coverage of interest payments is not a concern.