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¥51.5B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥83.9B and CN¥32.4B respectively. Shanxi Lu'an Environmental Energy Development's EBIT is CN¥8.7B making its interest coverage ratio -234. It has cash and short-term investments of CN¥24.8B.
Key information
2.1%
Debt to equity ratio
CN¥1.07b
Debt
Interest coverage ratio | -234x |
Cash | CN¥24.84b |
Equity | CN¥51.49b |
Total liabilities | CN¥32.40b |
Total assets | CN¥83.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601699's short term assets (CN¥38.9B) exceed its short term liabilities (CN¥24.6B).
Long Term Liabilities: 601699's short term assets (CN¥38.9B) exceed its long term liabilities (CN¥7.8B).
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 52% to 2.1% over the past 5 years.
Debt Coverage: 601699's debt is well covered by operating cash flow (675.6%).
Interest Coverage: 601699 earns more interest than it pays, so coverage of interest payments is not a concern.