Colorlight Cloud Tech Balance Sheet Health
Financial Health criteria checks 4/6
Colorlight Cloud Tech has a total shareholder equity of CN¥2.1B and total debt of CN¥125.5M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are CN¥2.7B and CN¥585.1M respectively. Colorlight Cloud Tech's EBIT is CN¥120.4M making its interest coverage ratio -6.2. It has cash and short-term investments of CN ¥1.8B.
Key information
5.9%
Debt to equity ratio
CN¥125.53m
Debt
| Interest coverage ratio | -6.2x |
| Cash | CN¥1.78b |
| Equity | CN¥2.14b |
| Total liabilities | CN¥585.14m |
| Total assets | CN¥2.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301391's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥553.0M).
Long Term Liabilities: 301391's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥32.1M).
Debt to Equity History and Analysis
Debt Level: 301391 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301391's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301391's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301391 earns more interest than it pays, so coverage of interest payments is not a concern.