Shenzhen Sunnypol OptoelectronicsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Sunnypol OptoelectronicsLtd has a total shareholder equity of CN¥2.4B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are CN¥4.1B and CN¥1.8B respectively. Shenzhen Sunnypol OptoelectronicsLtd's EBIT is CN¥37.9M making its interest coverage ratio 2. It has cash and short-term investments of CN¥350.1M.
Key information
47.4%
Debt to equity ratio
CN¥1.12b
Debt
Interest coverage ratio | 2x |
Cash | CN¥350.09m |
Equity | CN¥2.36b |
Total liabilities | CN¥1.76b |
Total assets | CN¥4.11b |
Recent financial health updates
Recent updates
Why Shenzhen Sunnypol Optoelectronics Co.,Ltd. (SZSE:002876) Could Be Worth Watching
Mar 28After Leaping 29% Shenzhen Sunnypol Optoelectronics Co.,Ltd. (SZSE:002876) Shares Are Not Flying Under The Radar
Mar 06Here's Why Shenzhen Sunnypol OptoelectronicsLtd (SZSE:002876) Has A Meaningful Debt Burden
Feb 28Financial Position Analysis
Short Term Liabilities: 002876's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 002876's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥185.8M).
Debt to Equity History and Analysis
Debt Level: 002876's net debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: 002876's debt to equity ratio has reduced from 80.8% to 47.4% over the past 5 years.
Debt Coverage: 002876's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: 002876's interest payments on its debt are not well covered by EBIT (2x coverage).