Dongguan Aohai Technology Balance Sheet Health
Financial Health criteria checks 5/6
Dongguan Aohai Technology has a total shareholder equity of CN¥4.9B and total debt of CN¥266.4M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CN¥8.5B and CN¥3.6B respectively. Dongguan Aohai Technology's EBIT is CN¥395.2M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥3.4B.
Key information
5.4%
Debt to equity ratio
CN¥266.36m
Debt
| Interest coverage ratio | -4.8x |
| Cash | CN¥3.39b |
| Equity | CN¥4.94b |
| Total liabilities | CN¥3.59b |
| Total assets | CN¥8.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002993's short term assets (CN¥6.2B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 002993's short term assets (CN¥6.2B) exceed its long term liabilities (CN¥293.4M).
Debt to Equity History and Analysis
Debt Level: 002993 has more cash than its total debt.
Reducing Debt: 002993's debt to equity ratio has increased from 0.9% to 5.4% over the past 5 years.
Debt Coverage: 002993's debt is well covered by operating cash flow (229.3%).
Interest Coverage: 002993 earns more interest than it pays, so coverage of interest payments is not a concern.