Loctek Ergonomic Technology Balance Sheet Health
Financial Health criteria checks 5/6
Loctek Ergonomic Technology has a total shareholder equity of CN¥3.1B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 64.4%. Its total assets and total liabilities are CN¥7.4B and CN¥4.3B respectively. Loctek Ergonomic Technology's EBIT is CN¥306.4M making its interest coverage ratio 8.9. It has cash and short-term investments of CN¥2.0B.
Key information
64.4%
Debt to equity ratio
CN¥2.00b
Debt
Interest coverage ratio | 8.9x |
Cash | CN¥2.02b |
Equity | CN¥3.11b |
Total liabilities | CN¥4.33b |
Total assets | CN¥7.44b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300729's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 300729's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 300729 has more cash than its total debt.
Reducing Debt: 300729's debt to equity ratio has increased from 32.4% to 64.4% over the past 5 years.
Debt Coverage: 300729's debt is well covered by operating cash flow (37.9%).
Interest Coverage: 300729's interest payments on its debt are well covered by EBIT (8.9x coverage).