Ling Yun Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Ling Yun Industrial has a total shareholder equity of CN¥9.4B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 27.8%. Its total assets and total liabilities are CN¥19.3B and CN¥10.0B respectively. Ling Yun Industrial's EBIT is CN¥1.1B making its interest coverage ratio -14.1. It has cash and short-term investments of CN¥3.3B.
Key information
27.8%
Debt to equity ratio
CN¥2.61b
Debt
| Interest coverage ratio | -14.1x |
| Cash | CN¥3.32b |
| Equity | CN¥9.38b |
| Total liabilities | CN¥9.95b |
| Total assets | CN¥19.33b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600480's short term assets (CN¥12.4B) exceed its short term liabilities (CN¥8.7B).
Long Term Liabilities: 600480's short term assets (CN¥12.4B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 600480 has more cash than its total debt.
Reducing Debt: 600480's debt to equity ratio has reduced from 66.9% to 27.8% over the past 5 years.
Debt Coverage: 600480's debt is well covered by operating cash flow (64.4%).
Interest Coverage: 600480 earns more interest than it pays, so coverage of interest payments is not a concern.