Wuxi Longsheng TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Wuxi Longsheng TechnologyLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 63.4%. Its total assets and total liabilities are CN¥3.7B and CN¥1.8B respectively. Wuxi Longsheng TechnologyLtd's EBIT is CN¥166.5M making its interest coverage ratio 9. It has cash and short-term investments of CN¥730.4M.
Key information
63.4%
Debt to equity ratio
CN¥1.16b
Debt
Interest coverage ratio | 9x |
Cash | CN¥730.40m |
Equity | CN¥1.83b |
Total liabilities | CN¥1.83b |
Total assets | CN¥3.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300680's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300680's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥294.6M).
Debt to Equity History and Analysis
Debt Level: 300680's net debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: 300680's debt to equity ratio has increased from 40.2% to 63.4% over the past 5 years.
Debt Coverage: 300680's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: 300680's interest payments on its debt are well covered by EBIT (9x coverage).