Sunny Optical Technology (Group) Balance Sheet Health
Financial Health criteria checks 6/6
Sunny Optical Technology (Group) has a total shareholder equity of CN¥23.6B and total debt of CN¥5.9B, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are CN¥48.5B and CN¥24.9B respectively. Sunny Optical Technology (Group)'s EBIT is CN¥1.3B making its interest coverage ratio -3.2. It has cash and short-term investments of CN¥20.0B.
Key information
24.9%
Debt to equity ratio
CN¥5.89b
Debt
| Interest coverage ratio | -3.2x |
| Cash | CN¥20.02b |
| Equity | CN¥23.64b |
| Total liabilities | CN¥24.90b |
| Total assets | CN¥48.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0Z4I's short term assets (CN¥33.5B) exceed its short term liabilities (CN¥19.1B).
Long Term Liabilities: 0Z4I's short term assets (CN¥33.5B) exceed its long term liabilities (CN¥5.8B).
Debt to Equity History and Analysis
Debt Level: 0Z4I has more cash than its total debt.
Reducing Debt: 0Z4I's debt to equity ratio has reduced from 51.2% to 24.9% over the past 5 years.
Debt Coverage: 0Z4I's debt is well covered by operating cash flow (62.5%).
Interest Coverage: 0Z4I earns more interest than it pays, so coverage of interest payments is not a concern.