Foshan NationStar OptoelectronicsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Foshan NationStar OptoelectronicsLtd has a total shareholder equity of CN¥3.8B and total debt of CN¥641.7M, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are CN¥6.4B and CN¥2.6B respectively. Foshan NationStar OptoelectronicsLtd's EBIT is CN¥3.3M making its interest coverage ratio -0.1. It has cash and short-term investments of CN¥1.6B.
Key information
16.7%
Debt to equity ratio
CN¥641.73m
Debt
| Interest coverage ratio | -0.1x |
| Cash | CN¥1.56b |
| Equity | CN¥3.83b |
| Total liabilities | CN¥2.59b |
| Total assets | CN¥6.42b |
Financial Position Analysis
Short Term Liabilities: 002449's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 002449's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥423.7M).
Debt to Equity History and Analysis
Debt Level: 002449 has more cash than its total debt.
Reducing Debt: 002449's debt to equity ratio has increased from 10.5% to 16.7% over the past 5 years.
Debt Coverage: 002449's debt is well covered by operating cash flow (67.6%).
Interest Coverage: 002449 earns more interest than it pays, so coverage of interest payments is not a concern.