Shandong Linglong TyreLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Linglong TyreLtd has a total shareholder equity of CN¥21.9B and total debt of CN¥13.7B, which brings its debt-to-equity ratio to 62.7%. Its total assets and total liabilities are CN¥46.0B and CN¥24.1B respectively. Shandong Linglong TyreLtd's EBIT is CN¥2.5B making its interest coverage ratio 18.9. It has cash and short-term investments of CN¥4.3B.
Key information
62.7%
Debt to equity ratio
CN¥13.72b
Debt
| Interest coverage ratio | 18.9x |
| Cash | CN¥4.33b |
| Equity | CN¥21.87b |
| Total liabilities | CN¥24.10b |
| Total assets | CN¥45.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601966's short term assets (CN¥15.5B) do not cover its short term liabilities (CN¥18.5B).
Long Term Liabilities: 601966's short term assets (CN¥15.5B) exceed its long term liabilities (CN¥5.6B).
Debt to Equity History and Analysis
Debt Level: 601966's net debt to equity ratio (42.9%) is considered high.
Reducing Debt: 601966's debt to equity ratio has reduced from 78.2% to 62.7% over the past 5 years.
Debt Coverage: 601966's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: 601966's interest payments on its debt are well covered by EBIT (18.9x coverage).