Union OptechLtd Balance Sheet Health
Financial Health criteria checks 4/6
Union OptechLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥468.2M, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are CN¥2.6B and CN¥1.0B respectively. Union OptechLtd's EBIT is CN¥58.5M making its interest coverage ratio -13.3. It has cash and short-term investments of CN¥578.4M.
Key information
29.3%
Debt to equity ratio
CN¥468.18m
Debt
Interest coverage ratio | -13.3x |
Cash | CN¥578.39m |
Equity | CN¥1.60b |
Total liabilities | CN¥1.03b |
Total assets | CN¥2.62b |
Financial Position Analysis
Short Term Liabilities: 300691's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥561.2M).
Long Term Liabilities: 300691's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥467.9M).
Debt to Equity History and Analysis
Debt Level: 300691 has more cash than its total debt.
Reducing Debt: 300691's debt to equity ratio has increased from 3.9% to 29.3% over the past 5 years.
Debt Coverage: 300691's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300691 earns more interest than it pays, so coverage of interest payments is not a concern.