Caihong Display DevicesLtd Balance Sheet Health
Financial Health criteria checks 4/6
Caihong Display DevicesLtd has a total shareholder equity of CN¥20.7B and total debt of CN¥14.3B, which brings its debt-to-equity ratio to 69%. Its total assets and total liabilities are CN¥39.0B and CN¥18.3B respectively. Caihong Display DevicesLtd's EBIT is CN¥1.4B making its interest coverage ratio 4.7. It has cash and short-term investments of CN¥6.2B.
Key information
69.0%
Debt to equity ratio
CN¥14.31b
Debt
Interest coverage ratio | 4.7x |
Cash | CN¥6.22b |
Equity | CN¥20.73b |
Total liabilities | CN¥18.27b |
Total assets | CN¥39.00b |
Recent financial health updates
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
Does 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¥9.3B) do not cover its short term liabilities (CN¥10.6B).
Long Term Liabilities: 600707's short term assets (CN¥9.3B) exceed its long term liabilities (CN¥7.6B).
Debt to Equity History and Analysis
Debt Level: 600707's net debt to equity ratio (39%) is considered satisfactory.
Reducing Debt: 600707's debt to equity ratio has increased from 65.3% to 69% over the past 5 years.
Debt Coverage: 600707's debt is well covered by operating cash flow (30.3%).
Interest Coverage: 600707's interest payments on its debt are well covered by EBIT (4.7x coverage).