Lets Holdings Group Balance Sheet Health
Financial Health criteria checks 5/6
Lets Holdings Group has a total shareholder equity of CN¥3.8B and total debt of CN¥390.0M, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are CN¥6.5B and CN¥2.7B respectively. Lets Holdings Group's EBIT is CN¥160.8M making its interest coverage ratio -11.3. It has cash and short-term investments of CN¥848.9M.
Key information
10.3%
Debt to equity ratio
CN¥389.97m
Debt
Interest coverage ratio | -11.3x |
Cash | CN¥848.89m |
Equity | CN¥3.77b |
Total liabilities | CN¥2.74b |
Total assets | CN¥6.51b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002398's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 002398's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥463.3M).
Debt to Equity History and Analysis
Debt Level: 002398 has more cash than its total debt.
Reducing Debt: 002398's debt to equity ratio has increased from 0.09% to 10.3% over the past 5 years.
Debt Coverage: 002398's debt is well covered by operating cash flow (152.7%).
Interest Coverage: 002398 earns more interest than it pays, so coverage of interest payments is not a concern.