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¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.0B and CN¥746.2M respectively. Longhorn Auto's EBIT is CN¥85.1M making its interest coverage ratio -6. It has cash and short-term investments of CN¥1.1B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -6x |
| Cash | CN¥1.07b |
| Equity | CN¥1.28b |
| Total liabilities | CN¥746.22m |
| Total assets | CN¥2.02b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 301488's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥706.6M).
Long Term Liabilities: 301488's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥39.7M).
Debt to Equity History and Analysis
Debt Level: 301488 is debt free.
Reducing Debt: 301488 has no debt compared to 5 years ago when its debt to equity ratio was 71.9%.
Debt Coverage: 301488 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301488 has no debt, therefore coverage of interest payments is not a concern.