Luolai Lifestyle Technology Balance Sheet Health
Financial Health criteria checks 5/6
Luolai Lifestyle Technology has a total shareholder equity of CN¥4.4B and total debt of CN¥955.9M, which brings its debt-to-equity ratio to 21.9%. Its total assets and total liabilities are CN¥6.7B and CN¥2.4B respectively. Luolai Lifestyle Technology's EBIT is CN¥684.8M making its interest coverage ratio -41.6. It has cash and short-term investments of CN¥2.3B.
Key information
21.9%
Debt to equity ratio
CN¥955.89m
Debt
Interest coverage ratio | -41.6x |
Cash | CN¥2.34b |
Equity | CN¥4.36b |
Total liabilities | CN¥2.38b |
Total assets | CN¥6.74b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002293's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 002293's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥350.6M).
Debt to Equity History and Analysis
Debt Level: 002293 has more cash than its total debt.
Reducing Debt: 002293's debt to equity ratio has increased from 1.3% to 21.9% over the past 5 years.
Debt Coverage: 002293's debt is well covered by operating cash flow (90.3%).
Interest Coverage: 002293 earns more interest than it pays, so coverage of interest payments is not a concern.