Lanzhou LS Heavy Equipment Balance Sheet Health
Financial Health criteria checks 3/6
Lanzhou LS Heavy Equipment has a total shareholder equity of CN¥3.5B and total debt of CN¥3.9B, which brings its debt-to-equity ratio to 112.3%. Its total assets and total liabilities are CN¥13.0B and CN¥9.6B respectively. Lanzhou LS Heavy Equipment's EBIT is CN¥270.1M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥1.7B.
Key information
112.3%
Debt to equity ratio
CN¥3.89b
Debt
| Interest coverage ratio | 1.8x |
| Cash | CN¥1.75b |
| Equity | CN¥3.46b |
| Total liabilities | CN¥9.58b |
| Total assets | CN¥13.03b |
Recent financial health updates
Recent updates
Lanzhou LS Heavy Equipment's (SHSE:603169) Weak Earnings May Only Reveal A Part Of The Whole Picture
Nov 06
Lanzhou LS Heavy Equipment Co., Ltd's (SHSE:603169) 27% Jump Shows Its Popularity With Investors
Oct 23We Think Lanzhou LS Heavy Equipment (SHSE:603169) Is Taking Some Risk With Its Debt
Aug 01Why Lanzhou LS Heavy Equipment's (SHSE:603169) Shaky Earnings Are Just The Beginning Of Its Problems
May 06At CN¥4.99, Is It Time To Put Lanzhou LS Heavy Equipment Co., Ltd (SHSE:603169) On Your Watch List?
Apr 18Lanzhou LS Heavy Equipment (SHSE:603169) Is Doing The Right Things To Multiply Its Share Price
Mar 28Lanzhou LS Heavy Equipment Co., Ltd's (SHSE:603169) P/E Still Appears To Be Reasonable
Mar 01Financial Position Analysis
Short Term Liabilities: 603169's short term assets (CN¥8.5B) exceed its short term liabilities (CN¥7.6B).
Long Term Liabilities: 603169's short term assets (CN¥8.5B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 603169's net debt to equity ratio (61.8%) is considered high.
Reducing Debt: 603169's debt to equity ratio has reduced from 173% to 112.3% over the past 5 years.
Debt Coverage: 603169's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603169's interest payments on its debt are not well covered by EBIT (1.8x coverage).