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¥7.3B and total debt of CN¥10.9B, which brings its debt-to-equity ratio to 148.6%. Its total assets and total liabilities are CN¥20.8B and CN¥13.5B respectively. Lizhong Sitong Light Alloys Group's EBIT is CN¥1.0B making its interest coverage ratio 3.6. It has cash and short-term investments of CN¥2.7B.
Key information
148.6%
Debt to equity ratio
CN¥10.90b
Debt
| Interest coverage ratio | 3.6x |
| Cash | CN¥2.67b |
| Equity | CN¥7.33b |
| Total liabilities | CN¥13.50b |
| Total assets | CN¥20.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300428's short term assets (CN¥14.8B) exceed its short term liabilities (CN¥10.4B).
Long Term Liabilities: 300428's short term assets (CN¥14.8B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 300428's net debt to equity ratio (112.2%) is considered high.
Reducing Debt: 300428's debt to equity ratio has increased from 49.2% to 148.6% over the past 5 years.
Debt Coverage: 300428's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300428's interest payments on its debt are well covered by EBIT (3.6x coverage).