Longhorn Auto Balance Sheet Health
Financial Health criteria checks 6/6
Longhorn Auto has a total shareholder equity of CN¥1.3B and total debt of CN¥6.5M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥1.9B and CN¥666.4M respectively. Longhorn Auto's EBIT is CN¥89.1M making its interest coverage ratio -9.4. It has cash and short-term investments of CN¥994.7M.
Key information
0.5%
Debt to equity ratio
CN¥6.45m
Debt
| Interest coverage ratio | -9.4x |
| Cash | CN¥994.69m |
| Equity | CN¥1.27b |
| Total liabilities | CN¥666.36m |
| Total assets | CN¥1.94b |
Financial Position Analysis
Short Term Liabilities: 301488's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥619.7M).
Long Term Liabilities: 301488's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥46.7M).
Debt to Equity History and Analysis
Debt Level: 301488 has more cash than its total debt.
Reducing Debt: 301488's debt to equity ratio has reduced from 95.6% to 0.5% over the past 5 years.
Debt Coverage: 301488's debt is well covered by operating cash flow (818%).
Interest Coverage: 301488 earns more interest than it pays, so coverage of interest payments is not a concern.