Shenzhen Absen OptoelectronicLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Absen OptoelectronicLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥10.7M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥3.9B and CN¥2.4B respectively. Shenzhen Absen OptoelectronicLtd's EBIT is CN¥273.4M making its interest coverage ratio -14.8. It has cash and short-term investments of CN¥983.4M.
Key information
0.7%
Debt to equity ratio
CN¥10.73m
Debt
| Interest coverage ratio | -14.8x |
| Cash | CN¥983.43m |
| Equity | CN¥1.53b |
| Total liabilities | CN¥2.42b |
| Total assets | CN¥3.95b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300389's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 300389's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥75.2M).
Debt to Equity History and Analysis
Debt Level: 300389 has more cash than its total debt.
Reducing Debt: 300389's debt to equity ratio has increased from 0% to 0.7% over the past 5 years.
Debt Coverage: 300389's debt is well covered by operating cash flow (3715.4%).
Interest Coverage: 300389 earns more interest than it pays, so coverage of interest payments is not a concern.