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¥123.9M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥8.4B and CN¥3.5B respectively. Dongguan Aohai Technology's EBIT is CN¥390.8M making its interest coverage ratio -4.3. It has cash and short-term investments of CN¥3.7B.
Key information
2.5%
Debt to equity ratio
CN¥123.90m
Debt
Interest coverage ratio | -4.3x |
Cash | CN¥3.67b |
Equity | CN¥4.86b |
Total liabilities | CN¥3.54b |
Total assets | CN¥8.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002993's short term assets (CN¥6.3B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 002993's short term assets (CN¥6.3B) exceed its long term liabilities (CN¥204.3M).
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 0.04% to 2.5% over the past 5 years.
Debt Coverage: 002993's debt is well covered by operating cash flow (499.2%).
Interest Coverage: 002993 earns more interest than it pays, so coverage of interest payments is not a concern.