Lutian Machinery Balance Sheet Health
Financial Health criteria checks 5/6
Lutian Machinery has a total shareholder equity of CN¥1.6B and total debt of CN¥1.3M, which brings its debt-to-equity ratio to 0.08%. Its total assets and total liabilities are CN¥2.2B and CN¥636.1M respectively. Lutian Machinery's EBIT is CN¥167.6M making its interest coverage ratio 152.6. It has cash and short-term investments of CN¥1.0B.
Key information
0.08%
Debt to equity ratio
CN¥1.25m
Debt
| Interest coverage ratio | 152.6x |
| Cash | CN¥1.01b |
| Equity | CN¥1.61b |
| Total liabilities | CN¥636.14m |
| Total assets | CN¥2.24b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605259's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥618.3M).
Long Term Liabilities: 605259's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥17.9M).
Debt to Equity History and Analysis
Debt Level: 605259 has more cash than its total debt.
Reducing Debt: 605259's debt to equity ratio has increased from 0% to 0.08% over the past 5 years.
Debt Coverage: 605259's debt is well covered by operating cash flow (15583.1%).
Interest Coverage: 605259's interest payments on its debt are well covered by EBIT (152.6x coverage).