Caihong Display DevicesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Caihong Display DevicesLtd has a total shareholder equity of CN¥21.7B and total debt of CN¥13.5B, which brings its debt-to-equity ratio to 62.3%. Its total assets and total liabilities are CN¥40.9B and CN¥19.2B respectively. Caihong Display DevicesLtd's EBIT is CN¥1.4B making its interest coverage ratio 5.6. It has cash and short-term investments of CN¥7.3B.
Key information
62.3%
Debt to equity ratio
CN¥13.51b
Debt
| Interest coverage ratio | 5.6x |
| Cash | CN¥7.33b |
| Equity | CN¥21.68b |
| Total liabilities | CN¥19.21b |
| Total assets | CN¥40.90b |
Recent financial health updates
Here's Why Caihong Display DevicesLtd (SHSE:600707) Can Manage Its Debt Responsibly
Oct 11
Does Caihong Display DevicesLtd (SHSE:600707) Have A Healthy Balance Sheet?
Jun 25Would Caihong Display DevicesLtd (SHSE:600707) Be Better Off With Less Debt?
Feb 28Recent updates
Caihong Display DevicesLtd's (SHSE:600707) Promising Earnings May Rest On Soft Foundations
Nov 04Here's Why Caihong Display DevicesLtd (SHSE:600707) Can Manage Its Debt Responsibly
Oct 11Caihong Display Devices Co.,Ltd.'s (SHSE:600707) Business And Shares Still Trailing The Industry
Aug 08We Like These Underlying Return On Capital Trends At Caihong Display DevicesLtd (SHSE:600707)
Jul 17Does Caihong Display DevicesLtd (SHSE:600707) Have A Healthy Balance Sheet?
Jun 25Additional Considerations Required While Assessing Caihong Display DevicesLtd's (SHSE:600707) Strong Earnings
Apr 26Caihong Display Devices Co.,Ltd.'s (SHSE:600707) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Mar 04Would Caihong Display DevicesLtd (SHSE:600707) Be Better Off With Less Debt?
Feb 28Financial Position Analysis
Short Term Liabilities: 600707's short term assets (CN¥10.8B) exceed its short term liabilities (CN¥9.5B).
Long Term Liabilities: 600707's short term assets (CN¥10.8B) exceed its long term liabilities (CN¥9.7B).
Debt to Equity History and Analysis
Debt Level: 600707's net debt to equity ratio (28.5%) is considered satisfactory.
Reducing Debt: 600707's debt to equity ratio has reduced from 74.3% to 62.3% over the past 5 years.
Debt Coverage: 600707's debt is well covered by operating cash flow (32.7%).
Interest Coverage: 600707's interest payments on its debt are well covered by EBIT (5.6x coverage).