Lucky Harvest Balance Sheet Health
Financial Health criteria checks 6/6
Lucky Harvest has a total shareholder equity of CN¥3.2B and total debt of CN¥185.1M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are CN¥6.5B and CN¥3.3B respectively. Lucky Harvest's EBIT is CN¥559.3M making its interest coverage ratio 60.3. It has cash and short-term investments of CN¥734.5M.
Key information
5.7%
Debt to equity ratio
CN¥185.08m
Debt
Interest coverage ratio | 60.3x |
Cash | CN¥734.49m |
Equity | CN¥3.24b |
Total liabilities | CN¥3.29b |
Total assets | CN¥6.52b |
Financial Position Analysis
Short Term Liabilities: 002965's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 002965's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥111.8M).
Debt to Equity History and Analysis
Debt Level: 002965 has more cash than its total debt.
Reducing Debt: 002965's debt to equity ratio has reduced from 5.8% to 5.7% over the past 5 years.
Debt Coverage: 002965's debt is well covered by operating cash flow (101.1%).
Interest Coverage: 002965's interest payments on its debt are well covered by EBIT (60.3x coverage).