Xiamen Leading Optics Balance Sheet Health
Financial Health criteria checks 6/6
Xiamen Leading Optics has a total shareholder equity of CN¥1.4B and total debt of CN¥99.7M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are CN¥1.7B and CN¥281.2M respectively. Xiamen Leading Optics's EBIT is CN¥142.8M making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥590.8M.
Key information
6.9%
Debt to equity ratio
CN¥99.70m
Debt
| Interest coverage ratio | -5.3x |
| Cash | CN¥590.85m |
| Equity | CN¥1.44b |
| Total liabilities | CN¥281.20m |
| Total assets | CN¥1.72b |
Recent financial health updates
Recent updates
Xiamen Leading Optics' (SHSE:605118) Shareholders May Want To Dig Deeper Than Statutory Profit
Nov 08
Estimating The Fair Value Of Xiamen Leading Optics Co., Ltd. (SHSE:605118)
Sep 27Xiamen Leading Optics (SHSE:605118) Will Want To Turn Around Its Return Trends
Aug 19Some Shareholders Feeling Restless Over Xiamen Leading Optics Co., Ltd.'s (SHSE:605118) P/E Ratio
Jul 24We Think Xiamen Leading Optics (SHSE:605118) Can Stay On Top Of Its Debt
May 29Xiamen Leading Optics Co., Ltd.'s (SHSE:605118) Shares Climb 28% But Its Business Is Yet to Catch Up
Mar 30Xiamen Leading Optics (SHSE:605118) Might Be Having Difficulty Using Its Capital Effectively
Mar 01Financial Position Analysis
Short Term Liabilities: 605118's short term assets (CN¥934.5M) exceed its short term liabilities (CN¥241.5M).
Long Term Liabilities: 605118's short term assets (CN¥934.5M) exceed its long term liabilities (CN¥39.7M).
Debt to Equity History and Analysis
Debt Level: 605118 has more cash than its total debt.
Reducing Debt: 605118's debt to equity ratio has reduced from 10.8% to 6.9% over the past 5 years.
Debt Coverage: 605118's debt is well covered by operating cash flow (233.5%).
Interest Coverage: 605118 earns more interest than it pays, so coverage of interest payments is not a concern.