Jiangsu Longda Superalloy Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Longda Superalloy has a total shareholder equity of CN¥2.8B and total debt of CN¥198.0M, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are CN¥3.4B and CN¥554.2M respectively. Jiangsu Longda Superalloy's EBIT is CN¥55.4M making its interest coverage ratio -22.9. It has cash and short-term investments of CN¥224.7M.
Key information
7.0%
Debt to equity ratio
CN¥198.05m
Debt
Interest coverage ratio | -22.9x |
Cash | CN¥224.65m |
Equity | CN¥2.82b |
Total liabilities | CN¥554.25m |
Total assets | CN¥3.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688231's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥410.0M).
Long Term Liabilities: 688231's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥144.2M).
Debt to Equity History and Analysis
Debt Level: 688231 has more cash than its total debt.
Reducing Debt: 688231's debt to equity ratio has reduced from 135.7% to 7% over the past 5 years.
Debt Coverage: 688231's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688231 earns more interest than it pays, so coverage of interest payments is not a concern.