Langfang Development Balance Sheet Health
Financial Health criteria checks 4/6
Langfang Development has a total shareholder equity of CN¥294.1M and total debt of CN¥50.1M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are CN¥606.3M and CN¥312.2M respectively. Langfang Development's EBIT is CN¥77.7M making its interest coverage ratio 43.1. It has cash and short-term investments of CN¥210.8M.
Key information
17.0%
Debt to equity ratio
CN¥50.14m
Debt
| Interest coverage ratio | 43.1x |
| Cash | CN¥210.83m |
| Equity | CN¥294.10m |
| Total liabilities | CN¥312.21m |
| Total assets | CN¥606.31m |
Recent financial health updates
No updates
Recent updates
Langfang Development Co., Ltd.'s (SHSE:600149) 28% Jump Shows Its Popularity With Investors
Nov 08
Langfang Development's (SHSE:600149) Solid Profits Have Weak Fundamentals
Nov 06Langfang Development (SHSE:600149) Has More To Do To Multiply In Value Going Forward
Oct 28Langfang Development Co., Ltd. (SHSE:600149) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected
May 24Langfang Development Co., Ltd. (SHSE:600149) May Have Run Too Fast Too Soon With Recent 26% Price Plummet
Feb 27Financial Position Analysis
Short Term Liabilities: 600149's short term assets (CN¥281.5M) exceed its short term liabilities (CN¥238.0M).
Long Term Liabilities: 600149's short term assets (CN¥281.5M) exceed its long term liabilities (CN¥74.2M).
Debt to Equity History and Analysis
Debt Level: 600149 has more cash than its total debt.
Reducing Debt: 600149's debt to equity ratio has increased from 11.4% to 17% over the past 5 years.
Debt Coverage: 600149's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600149's interest payments on its debt are well covered by EBIT (43.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:52 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Langfang Development Co., Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jun Hong | Shenwan Hongyuan Securities |