Wuxi Taclink Optoelectronics Technology Balance Sheet Health
Financial Health criteria checks 6/6
Wuxi Taclink Optoelectronics Technology has a total shareholder equity of CN¥2.2B and total debt of CN¥20.0M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥2.6B and CN¥354.1M respectively. Wuxi Taclink Optoelectronics Technology's EBIT is CN¥85.6M making its interest coverage ratio -2.3. It has cash and short-term investments of CN¥1.4B.
Key information
0.9%
Debt to equity ratio
CN¥20.02m
Debt
| Interest coverage ratio | -2.3x |
| Cash | CN¥1.36b |
| Equity | CN¥2.21b |
| Total liabilities | CN¥354.14m |
| Total assets | CN¥2.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688205's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥346.9M).
Long Term Liabilities: 688205's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥7.2M).
Debt to Equity History and Analysis
Debt Level: 688205 has more cash than its total debt.
Reducing Debt: 688205's debt to equity ratio has reduced from 39.8% to 0.9% over the past 5 years.
Debt Coverage: 688205's debt is well covered by operating cash flow (965.9%).
Interest Coverage: 688205 earns more interest than it pays, so coverage of interest payments is not a concern.