Luzhou LaojiaoLtd Balance Sheet Health
Financial Health criteria checks 5/6
Luzhou LaojiaoLtd has a total shareholder equity of CN¥38.8B and total debt of CN¥13.1B, which brings its debt-to-equity ratio to 33.8%. Its total assets and total liabilities are CN¥61.4B and CN¥22.6B respectively. Luzhou LaojiaoLtd's EBIT is CN¥16.5B making its interest coverage ratio -37.8. It has cash and short-term investments of CN¥27.9B.
Key information
33.8%
Debt to equity ratio
CN¥13.11b
Debt
Interest coverage ratio | -37.8x |
Cash | CN¥27.88b |
Equity | CN¥38.82b |
Total liabilities | CN¥22.58b |
Total assets | CN¥61.41b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000568's short term assets (CN¥44.1B) exceed its short term liabilities (CN¥9.4B).
Long Term Liabilities: 000568's short term assets (CN¥44.1B) exceed its long term liabilities (CN¥13.1B).
Debt to Equity History and Analysis
Debt Level: 000568 has more cash than its total debt.
Reducing Debt: 000568's debt to equity ratio has increased from 0% to 33.8% over the past 5 years.
Debt Coverage: 000568's debt is well covered by operating cash flow (84%).
Interest Coverage: 000568 earns more interest than it pays, so coverage of interest payments is not a concern.