Limin GroupLtd Balance Sheet Health
Financial Health criteria checks 1/6
Limin GroupLtd has a total shareholder equity of CN¥2.8B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are CN¥6.8B and CN¥4.0B respectively. Limin GroupLtd's EBIT is CN¥72.4M making its interest coverage ratio 0.8. It has cash and short-term investments of CN¥610.0M.
Key information
81.5%
Debt to equity ratio
CN¥2.29b
Debt
Interest coverage ratio | 0.8x |
Cash | CN¥610.00m |
Equity | CN¥2.81b |
Total liabilities | CN¥3.98b |
Total assets | CN¥6.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002734's short term assets (CN¥2.4B) do not cover its short term liabilities (CN¥2.5B).
Long Term Liabilities: 002734's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 002734's net debt to equity ratio (59.8%) is considered high.
Reducing Debt: 002734's debt to equity ratio has increased from 29% to 81.5% over the past 5 years.
Debt Coverage: 002734's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: 002734's interest payments on its debt are not well covered by EBIT (0.8x coverage).