Luoyang Jianlong Micro-nano New Material Balance Sheet Health
Financial Health criteria checks 5/6
Luoyang Jianlong Micro-nano New Material has a total shareholder equity of CN¥1.8B and total debt of CN¥660.8M, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are CN¥3.0B and CN¥1.2B respectively. Luoyang Jianlong Micro-nano New Material's EBIT is CN¥142.0M making its interest coverage ratio -84.7. It has cash and short-term investments of CN¥911.1M.
Key information
36.7%
Debt to equity ratio
CN¥660.76m
Debt
| Interest coverage ratio | -84.7x |
| Cash | CN¥911.07m |
| Equity | CN¥1.80b |
| Total liabilities | CN¥1.18b |
| Total assets | CN¥2.98b |
Financial Position Analysis
Short Term Liabilities: 688357's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥525.4M).
Long Term Liabilities: 688357's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥659.0M).
Debt to Equity History and Analysis
Debt Level: 688357 has more cash than its total debt.
Reducing Debt: 688357's debt to equity ratio has reduced from 65.6% to 36.7% over the past 5 years.
Debt Coverage: 688357's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688357 earns more interest than it pays, so coverage of interest payments is not a concern.