Longhua Technology GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Longhua Technology GroupLtd has a total shareholder equity of CN¥3.3B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 43.2%. Its total assets and total liabilities are CN¥6.2B and CN¥2.9B respectively. Longhua Technology GroupLtd's EBIT is CN¥193.1M making its interest coverage ratio 6.9. It has cash and short-term investments of CN¥643.4M.
Key information
43.2%
Debt to equity ratio
CN¥1.44b
Debt
| Interest coverage ratio | 6.9x |
| Cash | CN¥643.45m |
| Equity | CN¥3.34b |
| Total liabilities | CN¥2.89b |
| Total assets | CN¥6.24b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300263's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 300263's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300263's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: 300263's debt to equity ratio has increased from 11.2% to 43.2% over the past 5 years.
Debt Coverage: 300263's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: 300263's interest payments on its debt are well covered by EBIT (6.9x coverage).