Lizhong Sitong Light Alloys Group Balance Sheet Health
Financial Health criteria checks 3/6
Lizhong Sitong Light Alloys Group has a total shareholder equity of CN¥7.1B and total debt of CN¥9.5B, which brings its debt-to-equity ratio to 133.7%. Its total assets and total liabilities are CN¥19.2B and CN¥12.1B respectively. Lizhong Sitong Light Alloys Group's EBIT is CN¥1.1B making its interest coverage ratio 3.6. It has cash and short-term investments of CN¥2.6B.
Key information
133.7%
Debt to equity ratio
CN¥9.53b
Debt
Interest coverage ratio | 3.6x |
Cash | CN¥2.63b |
Equity | CN¥7.13b |
Total liabilities | CN¥12.09b |
Total assets | CN¥19.22b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300428's short term assets (CN¥13.3B) exceed its short term liabilities (CN¥8.4B).
Long Term Liabilities: 300428's short term assets (CN¥13.3B) exceed its long term liabilities (CN¥3.7B).
Debt to Equity History and Analysis
Debt Level: 300428's net debt to equity ratio (96.8%) is considered high.
Reducing Debt: 300428's debt to equity ratio has increased from 56.3% to 133.7% over the past 5 years.
Debt Coverage: 300428's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: 300428's interest payments on its debt are well covered by EBIT (3.6x coverage).