Lu Thai Textile Balance Sheet Health
Financial Health criteria checks 5/6
Lu Thai Textile has a total shareholder equity of CN¥9.7B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are CN¥13.9B and CN¥4.2B respectively. Lu Thai Textile's EBIT is CN¥488.3M making its interest coverage ratio 49.7. It has cash and short-term investments of CN¥2.6B.
Key information
30.7%
Debt to equity ratio
CN¥2.97b
Debt
Interest coverage ratio | 49.7x |
Cash | CN¥2.65b |
Equity | CN¥9.66b |
Total liabilities | CN¥4.22b |
Total assets | CN¥13.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000726's short term assets (CN¥5.9B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 000726's short term assets (CN¥5.9B) exceed its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 000726's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: 000726's debt to equity ratio has increased from 23.9% to 30.7% over the past 5 years.
Debt Coverage: 000726's debt is well covered by operating cash flow (33.2%).
Interest Coverage: 000726's interest payments on its debt are well covered by EBIT (49.7x coverage).