Zhongji Innolight Balance Sheet Health
Financial Health criteria checks 6/6
Zhongji Innolight has a total shareholder equity of CN¥18.7B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are CN¥27.1B and CN¥8.4B respectively. Zhongji Innolight's EBIT is CN¥5.1B making its interest coverage ratio -13.6. It has cash and short-term investments of CN¥3.8B.
Key information
10.6%
Debt to equity ratio
CN¥1.98b
Debt
| Interest coverage ratio | -13.6x |
| Cash | CN¥3.75b |
| Equity | CN¥18.69b |
| Total liabilities | CN¥8.44b |
| Total assets | CN¥27.12b |
Recent financial health updates
Recent updates
Returns on Capital Paint A Bright Future For Zhongji Innolight (SZSE:300308)
Dec 02
What Is Zhongji Innolight Co., Ltd.'s (SZSE:300308) Share Price Doing?
Oct 13After Leaping 42% Zhongji Innolight Co., Ltd. (SZSE:300308) Shares Are Not Flying Under The Radar
Sep 30We Think Zhongji Innolight (SZSE:300308) Can Stay On Top Of Its Debt
Sep 13Earnings Beat: Zhongji Innolight Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Aug 29Zhongji Innolight Co., Ltd.'s (SZSE:300308) 29% Jump Shows Its Popularity With Investors
Jul 12Shareholders Should Be Pleased With Zhongji Innolight Co., Ltd.'s (SZSE:300308) Price
May 27When Should You Buy Zhongji Innolight Co., Ltd. (SZSE:300308)?
May 13Additional Considerations Required While Assessing Zhongji Innolight's (SZSE:300308) Strong Earnings
Apr 29Zhongji Innolight Co., Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Apr 25The Returns At Zhongji Innolight (SZSE:300308) Aren't Growing
Apr 19Is Zhongji Innolight Co., Ltd. (SZSE:300308) Worth CN¥156 Based On Its Intrinsic Value?
Apr 05Investors Appear Satisfied With Zhongji Innolight Co., Ltd.'s (SZSE:300308) Prospects As Shares Rocket 27%
Feb 26Financial Position Analysis
Short Term Liabilities: 300308's short term assets (CN¥16.7B) exceed its short term liabilities (CN¥6.9B).
Long Term Liabilities: 300308's short term assets (CN¥16.7B) exceed its long term liabilities (CN¥1.5B).
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 17.2% to 10.6% over the past 5 years.
Debt Coverage: 300308's debt is well covered by operating cash flow (89.3%).
Interest Coverage: 300308 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 12:07 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhongji Innolight Co., Ltd. is covered by 39 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kexin Zhu | BofA Global Research |
| Kexin Zhu | BofA Global Research |
| Lin Su | CCB International Securities Limited |