Longmaster Information & Technology Balance Sheet Health
Financial Health criteria checks 6/6
Longmaster Information & Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥20.7M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥1.9B and CN¥243.0M respectively. Longmaster Information & Technology's EBIT is CN¥45.9M making its interest coverage ratio -4.2. It has cash and short-term investments of CN¥278.5M.
Key information
1.3%
Debt to equity ratio
CN¥20.67m
Debt
| Interest coverage ratio | -4.2x |
| Cash | CN¥278.54m |
| Equity | CN¥1.65b |
| Total liabilities | CN¥243.01m |
| Total assets | CN¥1.89b |
Recent financial health updates
Recent updates
Longmaster Information & Technology's (SZSE:300288) Anemic Earnings Might Be Worse Than You Think
Nov 05
Longmaster Information & Technology Co., Ltd.'s (SZSE:300288) Shares Climb 34% But Its Business Is Yet to Catch Up
Oct 02Longmaster Information & Technology (SZSE:300288) Will Be Looking To Turn Around Its Returns
Sep 30Earnings Troubles May Signal Larger Issues for Longmaster Information & Technology (SZSE:300288) Shareholders
May 02Is Longmaster Information & Technology (SZSE:300288) Using Too Much Debt?
Mar 22Longmaster Information & Technology Co., Ltd.'s (SZSE:300288) Shares Climb 44% But Its Business Is Yet to Catch Up
Mar 07Financial Position Analysis
Short Term Liabilities: 300288's short term assets (CN¥391.1M) exceed its short term liabilities (CN¥208.3M).
Long Term Liabilities: 300288's short term assets (CN¥391.1M) exceed its long term liabilities (CN¥34.7M).
Debt to Equity History and Analysis
Debt Level: 300288 has more cash than its total debt.
Reducing Debt: 300288's debt to equity ratio has reduced from 20.6% to 1.3% over the past 5 years.
Debt Coverage: 300288's debt is well covered by operating cash flow (278.5%).
Interest Coverage: 300288 earns more interest than it pays, so coverage of interest payments is not a concern.