Lao Feng Xiang Balance Sheet Health
Financial Health criteria checks 6/6
Lao Feng Xiang has a total shareholder equity of CN¥14.4B and total debt of CN¥11.4B, which brings its debt-to-equity ratio to 79.4%. Its total assets and total liabilities are CN¥32.7B and CN¥18.3B respectively. Lao Feng Xiang's EBIT is CN¥4.5B making its interest coverage ratio 27.8. It has cash and short-term investments of CN¥17.4B.
Key information
79.4%
Debt to equity ratio
CN¥11.41b
Debt
Interest coverage ratio | 27.8x |
Cash | CN¥17.42b |
Equity | CN¥14.38b |
Total liabilities | CN¥18.30b |
Total assets | CN¥32.68b |
Financial Position Analysis
Short Term Liabilities: 600612's short term assets (CN¥31.4B) exceed its short term liabilities (CN¥17.9B).
Long Term Liabilities: 600612's short term assets (CN¥31.4B) exceed its long term liabilities (CN¥400.4M).
Debt to Equity History and Analysis
Debt Level: 600612 has more cash than its total debt.
Reducing Debt: 600612's debt to equity ratio has reduced from 100.1% to 79.4% over the past 5 years.
Debt Coverage: 600612's debt is well covered by operating cash flow (39.7%).
Interest Coverage: 600612's interest payments on its debt are well covered by EBIT (27.8x coverage).