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¥15.7B and total debt of CN¥9.4B, which brings its debt-to-equity ratio to 60.2%. Its total assets and total liabilities are CN¥31.6B and CN¥15.9B respectively. Shanxi Lanhua Sci-Tech VentureLtd's EBIT is CN¥2.6B making its interest coverage ratio 3890.8. It has cash and short-term investments of CN¥6.1B.
Key information
60.2%
Debt to equity ratio
CN¥9.42b
Debt
Interest coverage ratio | 3890.8x |
Cash | CN¥6.12b |
Equity | CN¥15.66b |
Total liabilities | CN¥15.95b |
Total assets | CN¥31.61b |
Financial Position Analysis
Short Term Liabilities: 600123's short term assets (CN¥9.0B) do not cover its short term liabilities (CN¥9.5B).
Long Term Liabilities: 600123's short term assets (CN¥9.0B) exceed its long term liabilities (CN¥6.4B).
Debt to Equity History and Analysis
Debt Level: 600123's net debt to equity ratio (21.1%) is considered satisfactory.
Reducing Debt: 600123's debt to equity ratio has reduced from 87.1% to 60.2% over the past 5 years.
Debt Coverage: 600123's debt is well covered by operating cash flow (23.1%).
Interest Coverage: 600123's interest payments on its debt are well covered by EBIT (3890.8x coverage).