Shanxi Lanhua Sci-Tech VentureLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shanxi Lanhua Sci-Tech VentureLtd has a total shareholder equity of CN¥16.0B and total debt of CN¥8.8B, which brings its debt-to-equity ratio to 54.6%. Its total assets and total liabilities are CN¥31.3B and CN¥15.3B respectively. Shanxi Lanhua Sci-Tech VentureLtd's EBIT is CN¥1.6B making its interest coverage ratio 21.4. It has cash and short-term investments of CN¥6.6B.
Key information
54.6%
Debt to equity ratio
CN¥8.76b
Debt
| Interest coverage ratio | 21.4x |
| Cash | CN¥6.64b |
| Equity | CN¥16.04b |
| Total liabilities | CN¥15.28b |
| Total assets | CN¥31.32b |
Recent financial health updates
Recent updates
The Returns On Capital At Shanxi Lanhua Sci-Tech VentureLtd (SHSE:600123) Don't Inspire Confidence
Nov 20
Shanxi Lanhua Sci-Tech Venture Co.,Ltd's (SHSE:600123) Price Is Right But Growth Is Lacking After Shares Rocket 25%
Oct 01Does Shanxi Lanhua Sci-Tech VentureLtd (SHSE:600123) Have A Healthy Balance Sheet?
Sep 20Estimating The Intrinsic Value Of Shanxi Lanhua Sci-Tech Venture Co.,Ltd (SHSE:600123)
Jul 30Shanxi Lanhua Sci-Tech Venture Co.,Ltd's (SHSE:600123) Price Is Right But Growth Is Lacking
Jun 21Investors Met With Slowing Returns on Capital At Shanxi Lanhua Sci-Tech VentureLtd (SHSE:600123)
Jun 05Some Shanxi Lanhua Sci-Tech Venture Co.,Ltd (SHSE:600123) Analysts Just Made A Major Cut To Next Year's Estimates
Apr 26Shanxi Lanhua Sci-Tech Venture Co.,Ltd's (SHSE:600123) Shares Lagging The Market But So Is The Business
Mar 17Financial Position Analysis
Short Term Liabilities: 600123's short term assets (CN¥9.6B) exceed its short term liabilities (CN¥9.3B).
Long Term Liabilities: 600123's short term assets (CN¥9.6B) exceed its long term liabilities (CN¥6.0B).
Debt to Equity History and Analysis
Debt Level: 600123's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: 600123's debt to equity ratio has reduced from 88% to 54.6% over the past 5 years.
Debt Coverage: 600123's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: 600123's interest payments on its debt are well covered by EBIT (21.4x coverage).