Empyrean Technology Balance Sheet Health
Financial Health criteria checks 5/6
Empyrean Technology has a total shareholder equity of CN¥4.8B and total debt of CN¥125.9M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥5.4B and CN¥596.0M respectively. Empyrean Technology's EBIT is CN¥19.4M making its interest coverage ratio -0.3. It has cash and short-term investments of CN¥3.0B.
Key information
2.6%
Debt to equity ratio
CN¥125.86m
Debt
Interest coverage ratio | -0.3x |
Cash | CN¥2.98b |
Equity | CN¥4.84b |
Total liabilities | CN¥595.97m |
Total assets | CN¥5.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301269's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥362.3M).
Long Term Liabilities: 301269's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥233.7M).
Debt to Equity History and Analysis
Debt Level: 301269 has more cash than its total debt.
Reducing Debt: 301269's debt to equity ratio has increased from 0% to 2.6% over the past 5 years.
Debt Coverage: 301269's debt is well covered by operating cash flow (137.3%).
Interest Coverage: 301269 earns more interest than it pays, so coverage of interest payments is not a concern.