Zhejiang Lante Optics Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Lante Optics has a total shareholder equity of CN¥1.7B and total debt of CN¥66.1M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are CN¥2.2B and CN¥488.8M respectively. Zhejiang Lante Optics's EBIT is CN¥266.4M making its interest coverage ratio -49. It has cash and short-term investments of CN¥224.7M.
Key information
3.8%
Debt to equity ratio
CN¥66.13m
Debt
| Interest coverage ratio | -49x |
| Cash | CN¥224.71m |
| Equity | CN¥1.74b |
| Total liabilities | CN¥488.81m |
| Total assets | CN¥2.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688127's short term assets (CN¥729.8M) exceed its short term liabilities (CN¥365.4M).
Long Term Liabilities: 688127's short term assets (CN¥729.8M) exceed its long term liabilities (CN¥123.4M).
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 1.7% to 3.8% over the past 5 years.
Debt Coverage: 688127's debt is well covered by operating cash flow (764.8%).
Interest Coverage: 688127 earns more interest than it pays, so coverage of interest payments is not a concern.