Longyan Kaolin Clay Balance Sheet Health
Financial Health criteria checks 6/6
Longyan Kaolin Clay has a total shareholder equity of CN¥1.2B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.3B and CN¥85.1M respectively. Longyan Kaolin Clay's EBIT is CN¥121.8M making its interest coverage ratio -8.7. It has cash and short-term investments of CN¥442.7M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -8.7x |
| Cash | CN¥442.68m |
| Equity | CN¥1.22b |
| Total liabilities | CN¥85.07m |
| Total assets | CN¥1.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605086's short term assets (CN¥582.9M) exceed its short term liabilities (CN¥82.4M).
Long Term Liabilities: 605086's short term assets (CN¥582.9M) exceed its long term liabilities (CN¥2.6M).
Debt to Equity History and Analysis
Debt Level: 605086 is debt free.
Reducing Debt: 605086 has no debt compared to 5 years ago when its debt to equity ratio was 9.9%.
Debt Coverage: 605086 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 605086 has no debt, therefore coverage of interest payments is not a concern.