Caihong Display DevicesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Caihong Display DevicesLtd has a total shareholder equity of CN¥21.7B and total debt of CN¥13.5B, which brings its debt-to-equity ratio to 62.3%. Its total assets and total liabilities are CN¥40.9B and CN¥19.2B respectively. Caihong Display DevicesLtd's EBIT is CN¥1.4B making its interest coverage ratio 5.6. It has cash and short-term investments of CN¥7.3B.
Key information
62.3%
Debt to equity ratio
CN¥13.51b
Debt
| Interest coverage ratio | 5.6x |
| Cash | CN¥7.33b |
| Equity | CN¥21.68b |
| Total liabilities | CN¥19.21b |
| Total assets | CN¥40.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600707's short term assets (CN¥10.8B) exceed its short term liabilities (CN¥9.5B).
Long Term Liabilities: 600707's short term assets (CN¥10.8B) exceed its long term liabilities (CN¥9.7B).
Debt to Equity History and Analysis
Debt Level: 600707's net debt to equity ratio (28.5%) is considered satisfactory.
Reducing Debt: 600707's debt to equity ratio has reduced from 74.3% to 62.3% over the past 5 years.
Debt Coverage: 600707's debt is well covered by operating cash flow (32.7%).
Interest Coverage: 600707's interest payments on its debt are well covered by EBIT (5.6x coverage).