Lancy Balance Sheet Health
Financial Health criteria checks 5/6
Lancy has a total shareholder equity of CN¥3.6B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are CN¥7.6B and CN¥4.0B respectively. Lancy's EBIT is CN¥370.7M making its interest coverage ratio 8.7. It has cash and short-term investments of CN¥672.9M.
Key information
39.0%
Debt to equity ratio
CN¥1.40b
Debt
| Interest coverage ratio | 8.7x |
| Cash | CN¥672.88m |
| Equity | CN¥3.58b |
| Total liabilities | CN¥4.01b |
| Total assets | CN¥7.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002612's short term assets (CN¥2.2B) do not cover its short term liabilities (CN¥2.7B).
Long Term Liabilities: 002612's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002612's net debt to equity ratio (20.2%) is considered satisfactory.
Reducing Debt: 002612's debt to equity ratio has reduced from 46.9% to 39% over the past 5 years.
Debt Coverage: 002612's debt is well covered by operating cash flow (48.1%).
Interest Coverage: 002612's interest payments on its debt are well covered by EBIT (8.7x coverage).