Shandong Linglong TyreLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Linglong TyreLtd has a total shareholder equity of CN¥21.3B and total debt of CN¥12.6B, which brings its debt-to-equity ratio to 59.3%. Its total assets and total liabilities are CN¥44.3B and CN¥23.0B respectively. Shandong Linglong TyreLtd's EBIT is CN¥1.9B making its interest coverage ratio 9.2. It has cash and short-term investments of CN¥4.2B.
Key information
59.3%
Debt to equity ratio
CN¥12.61b
Debt
Interest coverage ratio | 9.2x |
Cash | CN¥4.22b |
Equity | CN¥21.28b |
Total liabilities | CN¥22.98b |
Total assets | CN¥44.26b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601966's short term assets (CN¥14.6B) do not cover its short term liabilities (CN¥18.1B).
Long Term Liabilities: 601966's short term assets (CN¥14.6B) exceed its long term liabilities (CN¥4.9B).
Debt to Equity History and Analysis
Debt Level: 601966's net debt to equity ratio (39.5%) is considered satisfactory.
Reducing Debt: 601966's debt to equity ratio has reduced from 102.5% to 59.3% over the past 5 years.
Debt Coverage: 601966's debt is not well covered by operating cash flow (13.4%).
Interest Coverage: 601966's interest payments on its debt are well covered by EBIT (9.2x coverage).