Longmaster Information & Technology Balance Sheet Health
Financial Health criteria checks 6/6
Longmaster Information & Technology has a total shareholder equity of CN¥1.6B and total debt of CN¥26.3M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CN¥1.9B and CN¥241.6M respectively. Longmaster Information & Technology's EBIT is CN¥59.6M making its interest coverage ratio -4.9. It has cash and short-term investments of CN¥287.9M.
Key information
1.6%
Debt to equity ratio
CN¥26.33m
Debt
Interest coverage ratio | -4.9x |
Cash | CN¥287.87m |
Equity | CN¥1.64b |
Total liabilities | CN¥241.63m |
Total assets | CN¥1.88b |
Recent financial health updates
Recent updates
Earnings 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¥383.8M) exceed its short term liabilities (CN¥208.0M).
Long Term Liabilities: 300288's short term assets (CN¥383.8M) exceed its long term liabilities (CN¥33.7M).
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 11.4% to 1.6% over the past 5 years.
Debt Coverage: 300288's debt is well covered by operating cash flow (295.2%).
Interest Coverage: 300288 earns more interest than it pays, so coverage of interest payments is not a concern.