Luyang Energy-Saving Materials Balance Sheet Health
Financial Health criteria checks 6/6
Luyang Energy-Saving Materials has a total shareholder equity of CN¥2.9B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥3.8B and CN¥887.9M respectively. Luyang Energy-Saving Materials's EBIT is CN¥543.3M making its interest coverage ratio -65.4. It has cash and short-term investments of CN¥668.3M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -65.4x |
Cash | CN¥668.27m |
Equity | CN¥2.89b |
Total liabilities | CN¥887.92m |
Total assets | CN¥3.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002088's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥858.2M).
Long Term Liabilities: 002088's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥29.7M).
Debt to Equity History and Analysis
Debt Level: 002088 is debt free.
Reducing Debt: 002088 has no debt compared to 5 years ago when its debt to equity ratio was 0.9%.
Debt Coverage: 002088 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 002088 has no debt, therefore coverage of interest payments is not a concern.