Guangdong Lvtong New Energy Electric Vehicle Technology Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong Lvtong New Energy Electric Vehicle Technology has a total shareholder equity of CN¥2.9B and total debt of CN¥521.8K, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are CN¥3.1B and CN¥127.9M respectively. Guangdong Lvtong New Energy Electric Vehicle Technology's EBIT is CN¥202.6M making its interest coverage ratio -74.5. It has cash and short-term investments of CN¥2.2B.
Key information
0.02%
Debt to equity ratio
CN¥521.85k
Debt
Interest coverage ratio | -74.5x |
Cash | CN¥2.24b |
Equity | CN¥2.94b |
Total liabilities | CN¥127.94m |
Total assets | CN¥3.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301322's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥127.4M).
Long Term Liabilities: 301322's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥570.8K).
Debt to Equity History and Analysis
Debt Level: 301322 has more cash than its total debt.
Reducing Debt: 301322's debt to equity ratio has reduced from 16.8% to 0.02% over the past 5 years.
Debt Coverage: 301322's debt is well covered by operating cash flow (25786.1%).
Interest Coverage: 301322 earns more interest than it pays, so coverage of interest payments is not a concern.