Hengtong Optic-Electric Balance Sheet Health
Financial Health criteria checks 5/6
Hengtong Optic-Electric has a total shareholder equity of CN¥28.7B and total debt of CN¥16.4B, which brings its debt-to-equity ratio to 57%. Its total assets and total liabilities are CN¥63.3B and CN¥34.6B respectively. Hengtong Optic-Electric's EBIT is CN¥2.7B making its interest coverage ratio 7.9. It has cash and short-term investments of CN ¥10.3B.
Key information
57.0%
Debt to equity ratio
CN¥16.38b
Debt
| Interest coverage ratio | 7.9x |
| Cash | CN¥10.32b |
| Equity | CN¥28.74b |
| Total liabilities | CN¥34.56b |
| Total assets | CN¥63.30b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600487's short term assets (CN¥43.8B) exceed its short term liabilities (CN¥27.7B).
Long Term Liabilities: 600487's short term assets (CN¥43.8B) exceed its long term liabilities (CN¥6.8B).
Debt to Equity History and Analysis
Debt Level: 600487's net debt to equity ratio (21.1%) is considered satisfactory.
Reducing Debt: 600487's debt to equity ratio has reduced from 97.1% to 57% over the past 5 years.
Debt Coverage: 600487's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 600487's interest payments on its debt are well covered by EBIT (7.9x coverage).