Shanxi Lu'an Environmental Energy Development Balance Sheet Health
Financial Health criteria checks 6/6
Shanxi Lu'an Environmental Energy Development has a total shareholder equity of CN¥49.0B and total debt of CN¥19.9M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are CN¥92.7B and CN¥43.7B respectively. Shanxi Lu'an Environmental Energy Development's EBIT is CN¥5.9B making its interest coverage ratio -893.5. It has cash and short-term investments of CN¥23.1B.
Key information
0.04%
Debt to equity ratio
CN¥19.90m
Debt
| Interest coverage ratio | -893.5x |
| Cash | CN¥23.08b |
| Equity | CN¥49.01b |
| Total liabilities | CN¥43.73b |
| Total assets | CN¥92.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601699's short term assets (CN¥36.7B) exceed its short term liabilities (CN¥36.4B).
Long Term Liabilities: 601699's short term assets (CN¥36.7B) exceed its long term liabilities (CN¥7.4B).
Debt to Equity History and Analysis
Debt Level: 601699 has more cash than its total debt.
Reducing Debt: 601699's debt to equity ratio has reduced from 58.8% to 0.04% over the past 5 years.
Debt Coverage: 601699's debt is well covered by operating cash flow (16600%).
Interest Coverage: 601699 earns more interest than it pays, so coverage of interest payments is not a concern.