Xiamen Leading Optics Balance Sheet Health
Financial Health criteria checks 6/6
Xiamen Leading Optics has a total shareholder equity of CN¥1.5B and total debt of CN¥11.7M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are CN¥1.7B and CN¥167.3M respectively. Xiamen Leading Optics's EBIT is CN¥142.5M making its interest coverage ratio -6.1. It has cash and short-term investments of CN¥377.8M.
Key information
0.8%
Debt to equity ratio
CN¥11.72m
Debt
| Interest coverage ratio | -6.1x |
| Cash | CN¥377.81m |
| Equity | CN¥1.50b |
| Total liabilities | CN¥167.31m |
| Total assets | CN¥1.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605118's short term assets (CN¥877.4M) exceed its short term liabilities (CN¥120.0M).
Long Term Liabilities: 605118's short term assets (CN¥877.4M) exceed its long term liabilities (CN¥47.3M).
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 9.8% to 0.8% over the past 5 years.
Debt Coverage: 605118's debt is well covered by operating cash flow (2378.1%).
Interest Coverage: 605118 earns more interest than it pays, so coverage of interest payments is not a concern.