Loncin Motor Balance Sheet Health
Financial Health criteria checks 6/6
Loncin Motor has a total shareholder equity of CN¥8.7B and total debt of CN¥674.7M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are CN¥13.8B and CN¥5.2B respectively. Loncin Motor's EBIT is CN¥710.9M making its interest coverage ratio -5.7. It has cash and short-term investments of CN¥5.2B.
Key information
7.8%
Debt to equity ratio
CN¥674.68m
Debt
Interest coverage ratio | -5.7x |
Cash | CN¥5.15b |
Equity | CN¥8.68b |
Total liabilities | CN¥5.16b |
Total assets | CN¥13.84b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603766's short term assets (CN¥9.0B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 603766's short term assets (CN¥9.0B) exceed its long term liabilities (CN¥597.0M).
Debt to Equity History and Analysis
Debt Level: 603766 has more cash than its total debt.
Reducing Debt: 603766's debt to equity ratio has reduced from 8.2% to 7.8% over the past 5 years.
Debt Coverage: 603766's debt is well covered by operating cash flow (368.9%).
Interest Coverage: 603766 earns more interest than it pays, so coverage of interest payments is not a concern.