Shanghai Liangxin ElectricalLTD Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Liangxin ElectricalLTD has a total shareholder equity of CN¥4.1B and total debt of CN¥52.5M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥5.5B and CN¥1.4B respectively. Shanghai Liangxin ElectricalLTD's EBIT is CN¥412.1M making its interest coverage ratio -38.7. It has cash and short-term investments of CN¥972.6M.
Key information
1.3%
Debt to equity ratio
CN¥52.49m
Debt
| Interest coverage ratio | -38.7x |
| Cash | CN¥972.56m |
| Equity | CN¥4.10b |
| Total liabilities | CN¥1.45b |
| Total assets | CN¥5.55b |
Recent financial health updates
Is Shanghai Liangxin ElectricalLTD (SZSE:002706) Using Too Much Debt?
May 28
Shanghai Liangxin ElectricalLTD (SZSE:002706) Has A Pretty Healthy Balance Sheet
Feb 28Recent updates
There's No Escaping Shanghai Liangxin Electrical Co.,LTD.'s (SZSE:002706) Muted Earnings Despite A 28% Share Price Rise
Sep 30Analysts Are More Bearish On Shanghai Liangxin Electrical Co.,LTD. (SZSE:002706) Than They Used To Be
Aug 26Are Shanghai Liangxin Electrical Co.,LTD. (SZSE:002706) Investors Paying Above The Intrinsic Value?
Jul 31Is Shanghai Liangxin ElectricalLTD (SZSE:002706) Using Too Much Debt?
May 28Shanghai Liangxin ElectricalLTD's (SZSE:002706) Shareholders Will Receive A Bigger Dividend Than Last Year
May 10Impressive Earnings May Not Tell The Whole Story For Shanghai Liangxin ElectricalLTD (SZSE:002706)
Apr 08Analysts Have Just Cut Their Shanghai Liangxin Electrical Co.,LTD. (SZSE:002706) Revenue Estimates By 10%
Apr 04Earnings Report: Shanghai Liangxin Electrical Co.,LTD. Missed Revenue Estimates By 7.1%
Apr 02Returns On Capital At Shanghai Liangxin ElectricalLTD (SZSE:002706) Have Hit The Brakes
Apr 01Shanghai Liangxin ElectricalLTD (SZSE:002706) Has A Pretty Healthy Balance Sheet
Feb 28Financial Position Analysis
Short Term Liabilities: 002706's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002706's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥51.8M).
Debt to Equity History and Analysis
Debt Level: 002706 has more cash than its total debt.
Reducing Debt: 002706's debt to equity ratio has increased from 0% to 1.3% over the past 5 years.
Debt Coverage: 002706's debt is well covered by operating cash flow (1165.9%).
Interest Coverage: 002706 earns more interest than it pays, so coverage of interest payments is not a concern.