Luxi Chemical Group Balance Sheet Health
Financial Health criteria checks 3/6
Luxi Chemical Group has a total shareholder equity of CN¥18.0B and total debt of CN¥13.2B, which brings its debt-to-equity ratio to 73.4%. Its total assets and total liabilities are CN¥35.5B and CN¥17.5B respectively. Luxi Chemical Group's EBIT is CN¥2.8B making its interest coverage ratio 14.7. It has cash and short-term investments of CN¥493.2M.
Key information
73.4%
Debt to equity ratio
CN¥13.20b
Debt
| Interest coverage ratio | 14.7x |
| Cash | CN¥493.15m |
| Equity | CN¥17.98b |
| Total liabilities | CN¥17.49b |
| Total assets | CN¥35.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000830's short term assets (CN¥2.7B) do not cover its short term liabilities (CN¥12.1B).
Long Term Liabilities: 000830's short term assets (CN¥2.7B) do not cover its long term liabilities (CN¥5.4B).
Debt to Equity History and Analysis
Debt Level: 000830's net debt to equity ratio (70.7%) is considered high.
Reducing Debt: 000830's debt to equity ratio has reduced from 132.3% to 73.4% over the past 5 years.
Debt Coverage: 000830's debt is well covered by operating cash flow (37.8%).
Interest Coverage: 000830's interest payments on its debt are well covered by EBIT (14.7x coverage).