Lubair Aviation Technology Balance Sheet Health
Financial Health criteria checks 6/6
Lubair Aviation Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥2.8M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥1.3B and CN¥119.8M respectively. Lubair Aviation Technology's EBIT is CN¥92.7M making its interest coverage ratio -6.1. It has cash and short-term investments of CN¥595.1M.
Key information
0.2%
Debt to equity ratio
CN¥2.78m
Debt
Interest coverage ratio | -6.1x |
Cash | CN¥595.08m |
Equity | CN¥1.18b |
Total liabilities | CN¥119.78m |
Total assets | CN¥1.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001316's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥113.8M).
Long Term Liabilities: 001316's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥5.9M).
Debt to Equity History and Analysis
Debt Level: 001316 has more cash than its total debt.
Reducing Debt: 001316's debt to equity ratio has reduced from 37% to 0.2% over the past 5 years.
Debt Coverage: 001316's debt is well covered by operating cash flow (328.1%).
Interest Coverage: 001316 earns more interest than it pays, so coverage of interest payments is not a concern.