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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 08:52 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Colorlight Cloud Tech Ltd is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chengning Li | China International Capital Corporation Limited |
| Chunyang Wu | Everbright Securities Co. Ltd. |
| Lin Yang | Haitong International Research Limited |