Zhongji Innolight Balance Sheet Health
Financial Health criteria checks 6/6
Zhongji Innolight has a total shareholder equity of CN¥16.7B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are CN¥22.3B and CN¥5.7B respectively. Zhongji Innolight's EBIT is CN¥2.9B making its interest coverage ratio -7.4. It has cash and short-term investments of CN¥4.0B.
Key information
7.6%
Debt to equity ratio
CN¥1.27b
Debt
Interest coverage ratio | -7.4x |
Cash | CN¥4.04b |
Equity | CN¥16.66b |
Total liabilities | CN¥5.68b |
Total assets | CN¥22.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300308's short term assets (CN¥13.3B) exceed its short term liabilities (CN¥4.5B).
Long Term Liabilities: 300308's short term assets (CN¥13.3B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300308 has more cash than its total debt.
Reducing Debt: 300308's debt to equity ratio has reduced from 12.3% to 7.6% over the past 5 years.
Debt Coverage: 300308's debt is well covered by operating cash flow (161%).
Interest Coverage: 300308 earns more interest than it pays, so coverage of interest payments is not a concern.