Luyin Investment GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Luyin Investment GroupLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are CN¥5.4B and CN¥2.2B respectively. Luyin Investment GroupLtd's EBIT is CN¥297.6M making its interest coverage ratio -11.6. It has cash and short-term investments of CN¥287.8M.
Key information
41.1%
Debt to equity ratio
CN¥1.31b
Debt
Interest coverage ratio | -11.6x |
Cash | CN¥287.75m |
Equity | CN¥3.19b |
Total liabilities | CN¥2.22b |
Total assets | CN¥5.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600784's short term assets (CN¥1.7B) do not cover its short term liabilities (CN¥1.7B).
Long Term Liabilities: 600784's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥490.1M).
Debt to Equity History and Analysis
Debt Level: 600784's net debt to equity ratio (32.1%) is considered satisfactory.
Reducing Debt: 600784's debt to equity ratio has reduced from 177.6% to 41.1% over the past 5 years.
Debt Coverage: 600784's debt is well covered by operating cash flow (35.3%).
Interest Coverage: 600784 earns more interest than it pays, so coverage of interest payments is not a concern.