Jilin OLED Material Tech Balance Sheet Health
Financial Health criteria checks 6/6
Jilin OLED Material Tech has a total shareholder equity of CN¥1.9B and total debt of CN¥66.3M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are CN¥2.3B and CN¥408.8M respectively. Jilin OLED Material Tech's EBIT is CN¥54.0M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥513.3M.
Key information
3.5%
Debt to equity ratio
CN¥66.32m
Debt
| Interest coverage ratio | -2.2x |
| Cash | CN¥513.25m |
| Equity | CN¥1.87b |
| Total liabilities | CN¥408.80m |
| Total assets | CN¥2.28b |
Recent financial health updates
Recent updates
Does Jilin OLED Material Tech (SHSE:688378) Have A Healthy Balance Sheet?
Jun 26
Jilin OLED Material Tech (SHSE:688378) Is Posting Solid Earnings, But It Is Not All Good News
Apr 25Here's What's Concerning About Jilin OLED Material Tech's (SHSE:688378) Returns On Capital
Apr 08Is Now An Opportune Moment To Examine Jilin OLED Material Tech Co., Ltd. (SHSE:688378)?
Mar 19Jilin OLED Material Tech Co., Ltd. (SHSE:688378) Looks Just Right With A 30% Price Jump
Mar 04Financial Position Analysis
Short Term Liabilities: 688378's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥233.2M).
Long Term Liabilities: 688378's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥175.6M).
Debt to Equity History and Analysis
Debt Level: 688378 has more cash than its total debt.
Reducing Debt: 688378's debt to equity ratio has reduced from 29.4% to 3.5% over the past 5 years.
Debt Coverage: 688378's debt is well covered by operating cash flow (458.8%).
Interest Coverage: 688378 earns more interest than it pays, so coverage of interest payments is not a concern.