Shanghai Laimu ElectronicsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Laimu ElectronicsLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥957.0M, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are CN¥3.4B and CN¥1.5B respectively. Shanghai Laimu ElectronicsLtd's EBIT is CN¥123.1M making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥425.4M.
Key information
50.0%
Debt to equity ratio
CN¥957.03m
Debt
Interest coverage ratio | 5.4x |
Cash | CN¥425.38m |
Equity | CN¥1.91b |
Total liabilities | CN¥1.46b |
Total assets | CN¥3.37b |
Financial Position Analysis
Short Term Liabilities: 603633's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603633's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥290.9M).
Debt to Equity History and Analysis
Debt Level: 603633's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: 603633's debt to equity ratio has increased from 46.3% to 50% over the past 5 years.
Debt Coverage: 603633's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: 603633's interest payments on its debt are well covered by EBIT (5.4x coverage).