Luxin Venture Capital Group Balance Sheet Health
Financial Health criteria checks 1/6
Luxin Venture Capital Group has a total shareholder equity of CN¥4.9B and total debt of CN¥3.3B, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are CN¥9.0B and CN¥4.1B respectively.
Key information
67.5%
Debt to equity ratio
CN¥3.32b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.31b |
| Equity | CN¥4.92b |
| Total liabilities | CN¥4.13b |
| Total assets | CN¥9.04b |
Recent financial health updates
Luxin Venture Capital Group (SHSE:600783) Is Carrying A Fair Bit Of Debt
Aug 30
Luxin Venture Capital Group (SHSE:600783) Is Carrying A Fair Bit Of Debt
Apr 30Recent updates
There Are Some Holes In Luxin Venture Capital Group's (SHSE:600783) Solid Earnings Release
Nov 06Luxin Venture Capital Group (SHSE:600783) Is Carrying A Fair Bit Of Debt
Aug 30There May Be Some Bright Spots In Luxin Venture Capital Group's (SHSE:600783) Earnings
May 06Luxin Venture Capital Group (SHSE:600783) Is Carrying A Fair Bit Of Debt
Apr 30Financial Position Analysis
Short Term Liabilities: 600783's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥161.1M).
Long Term Liabilities: 600783's short term assets (CN¥1.5B) do not cover its long term liabilities (CN¥4.0B).
Debt to Equity History and Analysis
Debt Level: 600783's net debt to equity ratio (40.9%) is considered high.
Reducing Debt: 600783's debt to equity ratio has increased from 54.8% to 67.5% over the past 5 years.
Debt Coverage: 600783's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 600783's interest payments on its debt are well covered by EBIT.