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¥582.8M, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are CN¥2.8B and CN¥1.2B respectively. Union OptechLtd's EBIT is CN¥25.3M making its interest coverage ratio -3.2. It has cash and short-term investments of CN¥405.3M.
Key information
35.6%
Debt to equity ratio
CN¥582.75m
Debt
| Interest coverage ratio | -3.2x |
| Cash | CN¥405.35m |
| Equity | CN¥1.63b |
| Total liabilities | CN¥1.20b |
| Total assets | CN¥2.84b |
Recent financial health updates
Recent updates
We Believe That Union OptechLtd's (SZSE:300691) Weak Earnings Are A Good Indicator Of Underlying Profitability
Nov 02
Is Union OptechLtd (SZSE:300691) A Risky Investment?
Oct 21Union Optech Co.,Ltd.'s (SZSE:300691) Shares Climb 28% But Its Business Is Yet to Catch Up
Sep 30Investors Could Be Concerned With Union OptechLtd's (SZSE:300691) Returns On Capital
Aug 19Union Optech Co.,Ltd.'s (SZSE:300691) Shares May Have Run Too Fast Too Soon
Aug 01Investors Can Find Comfort In Union OptechLtd's (SZSE:300691) Earnings Quality
May 02Union OptechLtd (SZSE:300691) Could Be Struggling To Allocate Capital
Apr 17Pinning Down Union Optech Co.,Ltd.'s (SZSE:300691) P/E Is Difficult Right Now
Feb 28Financial Position Analysis
Short Term Liabilities: 300691's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥857.9M).
Long Term Liabilities: 300691's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥347.1M).
Debt to Equity History and Analysis
Debt Level: 300691's net debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: 300691's debt to equity ratio has increased from 17.5% to 35.6% 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.