Luxi Chemical Group Balance Sheet Health
Financial Health criteria checks 3/6
Luxi Chemical Group has a total shareholder equity of CN¥17.6B and total debt of CN¥13.4B, which brings its debt-to-equity ratio to 76.1%. Its total assets and total liabilities are CN¥35.2B and CN¥17.6B respectively. Luxi Chemical Group's EBIT is CN¥2.2B making its interest coverage ratio -572.4. It has cash and short-term investments of CN¥644.9M.
Key information
76.1%
Debt to equity ratio
CN¥13.39b
Debt
Interest coverage ratio | -572.4x |
Cash | CN¥644.90m |
Equity | CN¥17.61b |
Total liabilities | CN¥17.64b |
Total assets | CN¥35.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000830's short term assets (CN¥2.5B) do not cover its short term liabilities (CN¥12.9B).
Long Term Liabilities: 000830's short term assets (CN¥2.5B) do not cover its long term liabilities (CN¥4.7B).
Debt to Equity History and Analysis
Debt Level: 000830's net debt to equity ratio (72.4%) is considered high.
Reducing Debt: 000830's debt to equity ratio has reduced from 113.4% to 76.1% over the past 5 years.
Debt Coverage: 000830's debt is well covered by operating cash flow (37.4%).
Interest Coverage: 000830 earns more interest than it pays, so coverage of interest payments is not a concern.