Tianjin Jingwei Huikai Optoelectronic Balance Sheet Health
Financial Health criteria checks 3/6
Tianjin Jingwei Huikai Optoelectronic has a total shareholder equity of CN¥3.0B and total debt of CN¥681.0M, which brings its debt-to-equity ratio to 22.9%. Its total assets and total liabilities are CN¥4.6B and CN¥1.6B respectively. Tianjin Jingwei Huikai Optoelectronic's EBIT is CN¥54.8M making its interest coverage ratio 1. It has cash and short-term investments of CN¥1.0B.
Key information
22.9%
Debt to equity ratio
CN¥681.00m
Debt
Interest coverage ratio | 1x |
Cash | CN¥1.05b |
Equity | CN¥2.98b |
Total liabilities | CN¥1.61b |
Total assets | CN¥4.58b |
Financial Position Analysis
Short Term Liabilities: 300120's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300120's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥175.3M).
Debt to Equity History and Analysis
Debt Level: 300120 has more cash than its total debt.
Reducing Debt: 300120's debt to equity ratio has increased from 17.5% to 22.9% over the past 5 years.
Debt Coverage: 300120's debt is not well covered by operating cash flow (1.9%).
Interest Coverage: 300120's interest payments on its debt are not well covered by EBIT (1x coverage).