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¥2.8B and total debt of CN¥175.7K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are CN¥3.0B and CN¥197.1M respectively. Guangdong Lvtong New Energy Electric Vehicle Technology's EBIT is CN¥138.6M making its interest coverage ratio -6.6. It has cash and short-term investments of CN¥1.9B.
Key information
0.006%
Debt to equity ratio
CN¥175.72k
Debt
| Interest coverage ratio | -6.6x |
| Cash | CN¥1.87b |
| Equity | CN¥2.84b |
| Total liabilities | CN¥197.08m |
| Total assets | CN¥3.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301322's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥196.0M).
Long Term Liabilities: 301322's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥1.1M).
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 8% to 0.01% over the past 5 years.
Debt Coverage: 301322's debt is well covered by operating cash flow (93139.4%).
Interest Coverage: 301322 earns more interest than it pays, so coverage of interest payments is not a concern.