Zhejiang Lante Optics Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Lante Optics has a total shareholder equity of CN¥1.6B and total debt of CN¥114.3M, which brings its debt-to-equity ratio to 7.1%. Its total assets and total liabilities are CN¥2.1B and CN¥481.6M respectively. Zhejiang Lante Optics's EBIT is CN¥219.1M making its interest coverage ratio -35.7. It has cash and short-term investments of CN¥208.6M.
Key information
7.1%
Debt to equity ratio
CN¥114.29m
Debt
| Interest coverage ratio | -35.7x |
| Cash | CN¥208.64m |
| Equity | CN¥1.62b |
| Total liabilities | CN¥481.58m |
| Total assets | CN¥2.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688127's short term assets (CN¥640.1M) exceed its short term liabilities (CN¥374.4M).
Long Term Liabilities: 688127's short term assets (CN¥640.1M) exceed its long term liabilities (CN¥107.1M).
Debt to Equity History and Analysis
Debt Level: 688127 has more cash than its total debt.
Reducing Debt: 688127's debt to equity ratio has increased from 2.4% to 7.1% over the past 5 years.
Debt Coverage: 688127's debt is well covered by operating cash flow (312.4%).
Interest Coverage: 688127 earns more interest than it pays, so coverage of interest payments is not a concern.