Ningbo Yongxin OpticsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Yongxin OpticsLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥40.0M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥2.1B and CN¥240.6M respectively. Ningbo Yongxin OpticsLtd's EBIT is CN¥125.9M making its interest coverage ratio -3. It has cash and short-term investments of CN¥939.8M.
Key information
2.1%
Debt to equity ratio
CN¥40.03m
Debt
| Interest coverage ratio | -3x |
| Cash | CN¥939.85m |
| Equity | CN¥1.86b |
| Total liabilities | CN¥240.57m |
| Total assets | CN¥2.10b |
Recent financial health updates
Recent updates
Estimating The Fair Value Of Ningbo Yongxin Optics Co.,Ltd (SHSE:603297)
Jun 26
Ningbo Yongxin OpticsLtd's (SHSE:603297) Dividend Will Be Reduced To CN¥0.955
Jun 03Is Ningbo Yongxin OpticsLtd (SHSE:603297) Using Too Much Debt?
May 25Why Ningbo Yongxin OpticsLtd's (SHSE:603297) Shaky Earnings Are Just The Beginning Of Its Problems
May 03Newsflash: Ningbo Yongxin Optics Co.,Ltd (SHSE:603297) Analysts Have Been Trimming Their Revenue Forecasts
Apr 30If EPS Growth Is Important To You, Ningbo Yongxin OpticsLtd (SHSE:603297) Presents An Opportunity
Apr 11Earnings Not Telling The Story For Ningbo Yongxin Optics Co.,Ltd (SHSE:603297) After Shares Rise 25%
Mar 07Capital Allocation Trends At Ningbo Yongxin OpticsLtd (SHSE:603297) Aren't Ideal
Mar 01Financial Position Analysis
Short Term Liabilities: 603297's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥214.0M).
Long Term Liabilities: 603297's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥26.6M).
Debt to Equity History and Analysis
Debt Level: 603297 has more cash than its total debt.
Reducing Debt: 603297's debt to equity ratio has increased from 0% to 2.1% over the past 5 years.
Debt Coverage: 603297's debt is well covered by operating cash flow (422.1%).
Interest Coverage: 603297 earns more interest than it pays, so coverage of interest payments is not a concern.