LB Group Balance Sheet Health
Financial Health criteria checks 2/6
LB Group has a total shareholder equity of CN¥25.9B and total debt of CN¥23.4B, which brings its debt-to-equity ratio to 90.2%. Its total assets and total liabilities are CN¥67.7B and CN¥41.7B respectively. LB Group's EBIT is CN¥4.8B making its interest coverage ratio 13.2. It has cash and short-term investments of CN¥9.0B.
Key information
90.2%
Debt to equity ratio
CN¥23.41b
Debt
| Interest coverage ratio | 13.2x |
| Cash | CN¥9.02b |
| Equity | CN¥25.95b |
| Total liabilities | CN¥41.75b |
| Total assets | CN¥67.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002601's short term assets (CN¥24.0B) do not cover its short term liabilities (CN¥30.8B).
Long Term Liabilities: 002601's short term assets (CN¥24.0B) exceed its long term liabilities (CN¥11.0B).
Debt to Equity History and Analysis
Debt Level: 002601's net debt to equity ratio (55.4%) is considered high.
Reducing Debt: 002601's debt to equity ratio has increased from 43.3% to 90.2% over the past 5 years.
Debt Coverage: 002601's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: 002601's interest payments on its debt are well covered by EBIT (13.2x coverage).