Caihong Display DevicesLtd Balance Sheet Health
Financial Health criteria checks 4/6
Caihong Display DevicesLtd has a total shareholder equity of CN¥21.4B and total debt of CN¥15.2B, which brings its debt-to-equity ratio to 71.4%. Its total assets and total liabilities are CN¥40.5B and CN¥19.1B respectively. Caihong Display DevicesLtd's EBIT is CN¥1.8B making its interest coverage ratio 15.7. It has cash and short-term investments of CN¥7.2B.
Key information
71.4%
Debt to equity ratio
CN¥15.25b
Debt
| Interest coverage ratio | 15.7x |
| Cash | CN¥7.16b |
| Equity | CN¥21.37b |
| Total liabilities | CN¥19.13b |
| Total assets | CN¥40.49b |
Recent financial health updates
Does Caihong Display DevicesLtd (SHSE:600707) Have A Healthy Balance Sheet?
Jun 25
Would Caihong Display DevicesLtd (SHSE:600707) Be Better Off With Less Debt?
Feb 28Recent updates
Caihong 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¥10.7B) do not cover its short term liabilities (CN¥11.5B).
Long Term Liabilities: 600707's short term assets (CN¥10.7B) exceed its long term liabilities (CN¥7.6B).
Debt to Equity History and Analysis
Debt Level: 600707's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: 600707's debt to equity ratio has increased from 68.4% to 71.4% over the past 5 years.
Debt Coverage: 600707's debt is well covered by operating cash flow (28.2%).
Interest Coverage: 600707's interest payments on its debt are well covered by EBIT (15.7x coverage).