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¥2.8B, which brings its debt-to-equity ratio to 29.2%. Its total assets and total liabilities are CN¥13.8B and CN¥4.1B respectively. Lu Thai Textile's EBIT is CN¥588.9M making its interest coverage ratio 10.1. It has cash and short-term investments of CN¥2.6B.
Key information
29.2%
Debt to equity ratio
CN¥2.83b
Debt
| Interest coverage ratio | 10.1x |
| Cash | CN¥2.60b |
| Equity | CN¥9.67b |
| Total liabilities | CN¥4.13b |
| Total assets | CN¥13.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 200726's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 200726's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 200726's net debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: 200726's debt to equity ratio has increased from 28.3% to 29.2% over the past 5 years.
Debt Coverage: 200726's debt is well covered by operating cash flow (51.5%).
Interest Coverage: 200726's interest payments on its debt are well covered by EBIT (10.1x coverage).