Colorlight Cloud Tech Balance Sheet Health
Financial Health criteria checks 4/6
Colorlight Cloud Tech has a total shareholder equity of CN¥2.2B and total debt of CN¥139.3M, which brings its debt-to-equity ratio to 6.4%. Its total assets and total liabilities are CN¥2.6B and CN¥481.6M respectively. Colorlight Cloud Tech's EBIT is CN¥73.7M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥1.2B.
Key information
6.4%
Debt to equity ratio
CN¥139.27m
Debt
| Interest coverage ratio | -1.7x |
| Cash | CN¥1.16b |
| Equity | CN¥2.16b |
| Total liabilities | CN¥481.61m |
| Total assets | CN¥2.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301391's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥452.4M).
Long Term Liabilities: 301391's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥29.2M).
Debt to Equity History and Analysis
Debt Level: 301391 has more cash than its total debt.
Reducing Debt: 301391's debt to equity ratio has increased from 5.1% to 6.4% 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.