Shandong Longertek Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Longertek Technology has a total shareholder equity of CN¥902.6M and total debt of CN¥384.2M, which brings its debt-to-equity ratio to 42.6%. Its total assets and total liabilities are CN¥1.9B and CN¥981.2M respectively. Shandong Longertek Technology's EBIT is CN¥20.4M making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥138.8M.
Key information
42.6%
Debt to equity ratio
CN¥384.21m
Debt
Interest coverage ratio | 1.3x |
Cash | CN¥138.81m |
Equity | CN¥902.65m |
Total liabilities | CN¥981.24m |
Total assets | CN¥1.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300594's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥896.1M).
Long Term Liabilities: 300594's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥85.2M).
Debt to Equity History and Analysis
Debt Level: 300594's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: 300594's debt to equity ratio has increased from 15.7% to 42.6% over the past 5 years.
Debt Coverage: 300594's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300594's interest payments on its debt are not well covered by EBIT (1.3x coverage).