LB Group Balance Sheet Health
Financial Health criteria checks 2/6
LB Group has a total shareholder equity of CN¥26.6B and total debt of CN¥23.2B, which brings its debt-to-equity ratio to 87%. Its total assets and total liabilities are CN¥66.5B and CN¥39.9B respectively. LB Group's EBIT is CN¥4.6B making its interest coverage ratio 12.7. It has cash and short-term investments of CN¥8.2B.
Key information
87.0%
Debt to equity ratio
CN¥23.15b
Debt
| Interest coverage ratio | 12.7x |
| Cash | CN¥8.23b |
| Equity | CN¥26.62b |
| Total liabilities | CN¥39.86b |
| Total assets | CN¥66.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002601's short term assets (CN¥23.0B) do not cover its short term liabilities (CN¥27.4B).
Long Term Liabilities: 002601's short term assets (CN¥23.0B) exceed its long term liabilities (CN¥12.5B).
Debt to Equity History and Analysis
Debt Level: 002601's net debt to equity ratio (56.1%) is considered high.
Reducing Debt: 002601's debt to equity ratio has increased from 36.1% to 87% over the past 5 years.
Debt Coverage: 002601's debt is not well covered by operating cash flow (15%).
Interest Coverage: 002601's interest payments on its debt are well covered by EBIT (12.7x coverage).