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¥853.3K, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are CN¥2.4B and CN¥716.6M respectively. Lutian Machinery's EBIT is CN¥159.6M making its interest coverage ratio -14.2. It has cash and short-term investments of CN¥884.8M.
Key information
0.05%
Debt to equity ratio
CN¥853.33k
Debt
| Interest coverage ratio | -14.2x |
| Cash | CN¥884.79m |
| Equity | CN¥1.65b |
| Total liabilities | CN¥716.60m |
| Total assets | CN¥2.37b |
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¥697.9M).
Long Term Liabilities: 605259's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥18.7M).
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 0.05% over the past 5 years.
Debt Coverage: 605259's debt is well covered by operating cash flow (15353.8%).
Interest Coverage: 605259 earns more interest than it pays, so coverage of interest payments is not a concern.