Luoyang Jianlong Micro-nano New Material Balance Sheet Health
Financial Health criteria checks 4/6
Luoyang Jianlong Micro-nano New Material has a total shareholder equity of CN¥1.8B and total debt of CN¥680.3M, which brings its debt-to-equity ratio to 37.5%. Its total assets and total liabilities are CN¥3.0B and CN¥1.2B respectively. Luoyang Jianlong Micro-nano New Material's EBIT is CN¥99.1M making its interest coverage ratio 29.8. It has cash and short-term investments of CN¥876.4M.
Key information
37.5%
Debt to equity ratio
CN¥680.25m
Debt
| Interest coverage ratio | 29.8x |
| Cash | CN¥876.41m |
| Equity | CN¥1.81b |
| Total liabilities | CN¥1.15b |
| Total assets | CN¥2.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688357's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥472.2M).
Long Term Liabilities: 688357's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥679.7M).
Debt to Equity History and Analysis
Debt Level: 688357 has more cash than its total debt.
Reducing Debt: 688357's debt to equity ratio has increased from 22.4% to 37.5% over the past 5 years.
Debt Coverage: 688357's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688357's interest payments on its debt are well covered by EBIT (29.8x coverage).