LB Group Balance Sheet Health
Financial Health criteria checks 2/6
LB Group has a total shareholder equity of CN¥26.6B and total debt of CN¥21.4B, which brings its debt-to-equity ratio to 80.4%. Its total assets and total liabilities are CN¥66.9B and CN¥40.3B respectively. LB Group's EBIT is CN¥4.7B making its interest coverage ratio 12.6. It has cash and short-term investments of CN¥8.3B.
Key information
80.4%
Debt to equity ratio
CN¥21.36b
Debt
| Interest coverage ratio | 12.6x |
| Cash | CN¥8.26b |
| Equity | CN¥26.55b |
| Total liabilities | CN¥40.33b |
| Total assets | CN¥66.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002601's short term assets (CN¥23.2B) do not cover its short term liabilities (CN¥29.7B).
Long Term Liabilities: 002601's short term assets (CN¥23.2B) exceed its long term liabilities (CN¥10.6B).
Debt to Equity History and Analysis
Debt Level: 002601's net debt to equity ratio (49.3%) is considered high.
Reducing Debt: 002601's debt to equity ratio has increased from 36.6% to 80.4% over the past 5 years.
Debt Coverage: 002601's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: 002601's interest payments on its debt are well covered by EBIT (12.6x coverage).