Hangzhou Prevail Optoelectronic Equipment Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Prevail Optoelectronic Equipment has a total shareholder equity of CN¥685.2M and total debt of CN¥114.5M, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are CN¥919.1M and CN¥233.9M respectively. Hangzhou Prevail Optoelectronic Equipment's EBIT is CN¥24.2M making its interest coverage ratio -456.4. It has cash and short-term investments of CN¥136.5M.
Key information
16.7%
Debt to equity ratio
CN¥114.54m
Debt
Interest coverage ratio | -456.4x |
Cash | CN¥136.55m |
Equity | CN¥685.19m |
Total liabilities | CN¥233.88m |
Total assets | CN¥919.08m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300710's short term assets (CN¥444.3M) exceed its short term liabilities (CN¥226.6M).
Long Term Liabilities: 300710's short term assets (CN¥444.3M) exceed its long term liabilities (CN¥7.3M).
Debt to Equity History and Analysis
Debt Level: 300710 has more cash than its total debt.
Reducing Debt: 300710's debt to equity ratio has increased from 6.3% to 16.7% over the past 5 years.
Debt Coverage: 300710's debt is well covered by operating cash flow (65.7%).
Interest Coverage: 300710 earns more interest than it pays, so coverage of interest payments is not a concern.