Dongguan Aohai Technology Balance Sheet Health
Financial Health criteria checks 5/6
Dongguan Aohai Technology has a total shareholder equity of CN¥4.7B and total debt of CN¥185.8M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are CN¥7.3B and CN¥2.6B respectively. Dongguan Aohai Technology's EBIT is CN¥340.0M making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥3.6B.
Key information
3.9%
Debt to equity ratio
CN¥185.80m
Debt
Interest coverage ratio | -5.3x |
Cash | CN¥3.63b |
Equity | CN¥4.72b |
Total liabilities | CN¥2.56b |
Total assets | CN¥7.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002993's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 002993's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥218.6M).
Debt to Equity History and Analysis
Debt Level: 002993 has more cash than its total debt.
Reducing Debt: 002993's debt to equity ratio has increased from 0.7% to 3.9% over the past 5 years.
Debt Coverage: 002993's debt is well covered by operating cash flow (316.7%).
Interest Coverage: 002993 earns more interest than it pays, so coverage of interest payments is not a concern.