Jilin OLED Material Tech Balance Sheet Health
Financial Health criteria checks 5/6
Jilin OLED Material Tech has a total shareholder equity of CN¥1.7B and total debt of CN¥69.6M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are CN¥2.2B and CN¥441.5M respectively. Jilin OLED Material Tech's EBIT is CN¥24.1M making its interest coverage ratio -1.1. It has cash and short-term investments of CN¥381.5M.
Key information
4.0%
Debt to equity ratio
CN¥69.59m
Debt
| Interest coverage ratio | -1.1x |
| Cash | CN¥381.51m |
| Equity | CN¥1.75b |
| Total liabilities | CN¥441.47m |
| Total assets | CN¥2.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688378's short term assets (CN¥889.0M) exceed its short term liabilities (CN¥262.8M).
Long Term Liabilities: 688378's short term assets (CN¥889.0M) exceed its long term liabilities (CN¥178.7M).
Debt to Equity History and Analysis
Debt Level: 688378 has more cash than its total debt.
Reducing Debt: 688378's debt to equity ratio has reduced from 17.6% to 4% over the past 5 years.
Debt Coverage: 688378's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688378 earns more interest than it pays, so coverage of interest payments is not a concern.