Zhongji Innolight Balance Sheet Health
Financial Health criteria checks 6/6
Zhongji Innolight has a total shareholder equity of CN¥14.1B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are CN¥19.0B and CN¥4.9B respectively. Zhongji Innolight's EBIT is CN¥2.5B making its interest coverage ratio -18.8. It has cash and short-term investments of CN¥4.7B.
Key information
9.4%
Debt to equity ratio
CN¥1.33b
Debt
Interest coverage ratio | -18.8x |
Cash | CN¥4.71b |
Equity | CN¥14.05b |
Total liabilities | CN¥4.91b |
Total assets | CN¥18.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300308's short term assets (CN¥11.3B) exceed its short term liabilities (CN¥3.7B).
Long Term Liabilities: 300308's short term assets (CN¥11.3B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 300308 has more cash than its total debt.
Reducing Debt: 300308's debt to equity ratio has reduced from 25.3% to 9.4% over the past 5 years.
Debt Coverage: 300308's debt is well covered by operating cash flow (182.9%).
Interest Coverage: 300308 earns more interest than it pays, so coverage of interest payments is not a concern.