Wuxi Taclink Optoelectronics Technology Balance Sheet Health
Financial Health criteria checks 6/6
Wuxi Taclink Optoelectronics Technology has a total shareholder equity of CN¥2.2B and total debt of CN¥28.6M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥2.5B and CN¥303.5M respectively. Wuxi Taclink Optoelectronics Technology's EBIT is CN¥93.3M making its interest coverage ratio -4.1. It has cash and short-term investments of CN¥1.4B.
Key information
1.3%
Debt to equity ratio
CN¥28.64m
Debt
| Interest coverage ratio | -4.1x |
| Cash | CN¥1.35b |
| Equity | CN¥2.20b |
| Total liabilities | CN¥303.53m |
| Total assets | CN¥2.50b |
Financial Position Analysis
Short Term Liabilities: 688205's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥297.6M).
Long Term Liabilities: 688205's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥5.9M).
Debt to Equity History and Analysis
Debt Level: 688205 has more cash than its total debt.
Reducing Debt: 688205's debt to equity ratio has reduced from 55.4% to 1.3% over the past 5 years.
Debt Coverage: 688205's debt is well covered by operating cash flow (201.8%).
Interest Coverage: 688205 earns more interest than it pays, so coverage of interest payments is not a concern.