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¥1.9B making its interest coverage ratio 9. 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 | 9x |
Cash | CN¥644.90m |
Equity | CN¥17.61b |
Total liabilities | CN¥17.64b |
Total assets | CN¥35.25b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Luxi Chemical Group (SZSE:000830) Is Using Debt Extensively
Jul 12Luxi Chemical Group Co., Ltd.'s (SZSE:000830) Subdued P/E Might Signal An Opportunity
Jun 25A Look At The Fair Value Of Luxi Chemical Group Co., Ltd. (SZSE:000830)
Jun 11Luxi Chemical Group (SZSE:000830) Might Be Having Difficulty Using Its Capital Effectively
May 22Luxi Chemical Group's (SZSE:000830) Conservative Accounting Might Explain Soft Earnings
May 06What Does Luxi Chemical Group Co., Ltd.'s (SZSE:000830) Share Price Indicate?
Apr 30Financial 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's interest payments on its debt are well covered by EBIT (9x coverage).