Yangtze Optical Fibre And Cable Limited Balance Sheet Health
Financial Health criteria checks 4/6
Yangtze Optical Fibre And Cable Limited has a total shareholder equity of CN¥14.5B and total debt of CN¥8.8B, which brings its debt-to-equity ratio to 60.8%. Its total assets and total liabilities are CN¥29.3B and CN¥14.8B respectively. Yangtze Optical Fibre And Cable Limited's EBIT is CN¥546.1M making its interest coverage ratio -1.4. It has cash and short-term investments of CN¥5.3B.
Key information
60.8%
Debt to equity ratio
CN¥8.80b
Debt
Interest coverage ratio | -1.4x |
Cash | CN¥5.34b |
Equity | CN¥14.47b |
Total liabilities | CN¥14.79b |
Total assets | CN¥29.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6869's short term assets (CN¥14.8B) exceed its short term liabilities (CN¥8.3B).
Long Term Liabilities: 6869's short term assets (CN¥14.8B) exceed its long term liabilities (CN¥6.5B).
Debt to Equity History and Analysis
Debt Level: 6869's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: 6869's debt to equity ratio has increased from 19.3% to 60.8% over the past 5 years.
Debt Coverage: 6869's debt is not well covered by operating cash flow (19%).
Interest Coverage: 6869 earns more interest than it pays, so coverage of interest payments is not a concern.