Sunny Optical Technology (Group) Balance Sheet Health
Financial Health criteria checks 6/6
Sunny Optical Technology (Group) has a total shareholder equity of CN¥22.9B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are CN¥50.3B and CN¥27.4B respectively. Sunny Optical Technology (Group)'s EBIT is CN¥576.7M making its interest coverage ratio -1.2. It has cash and short-term investments of CN¥21.5B.
Key information
24.3%
Debt to equity ratio
CN¥5.56b
Debt
Interest coverage ratio | -1.2x |
Cash | CN¥21.51b |
Equity | CN¥22.88b |
Total liabilities | CN¥27.42b |
Total assets | CN¥50.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2382's short term assets (CN¥35.1B) exceed its short term liabilities (CN¥21.3B).
Long Term Liabilities: 2382's short term assets (CN¥35.1B) exceed its long term liabilities (CN¥6.1B).
Debt to Equity History and Analysis
Debt Level: 2382 has more cash than its total debt.
Reducing Debt: 2382's debt to equity ratio has reduced from 59.9% to 24.3% over the past 5 years.
Debt Coverage: 2382's debt is well covered by operating cash flow (47.9%).
Interest Coverage: 2382 earns more interest than it pays, so coverage of interest payments is not a concern.