Lanzhou Lishang Guochao Industrial GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Lanzhou Lishang Guochao Industrial GroupLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥637.8M, which brings its debt-to-equity ratio to 32.6%. Its total assets and total liabilities are CN¥3.6B and CN¥1.6B respectively. Lanzhou Lishang Guochao Industrial GroupLtd's EBIT is CN¥259.4M making its interest coverage ratio -23.5. It has cash and short-term investments of CN¥364.1M.
Key information
32.6%
Debt to equity ratio
CN¥637.81m
Debt
| Interest coverage ratio | -23.5x |
| Cash | CN¥364.13m |
| Equity | CN¥1.96b |
| Total liabilities | CN¥1.61b |
| Total assets | CN¥3.56b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600738's short term assets (CN¥625.3M) do not cover its short term liabilities (CN¥1.1B).
Long Term Liabilities: 600738's short term assets (CN¥625.3M) exceed its long term liabilities (CN¥514.4M).
Debt to Equity History and Analysis
Debt Level: 600738's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: 600738's debt to equity ratio has reduced from 51.8% to 32.6% over the past 5 years.
Debt Coverage: 600738's debt is well covered by operating cash flow (49.3%).
Interest Coverage: 600738 earns more interest than it pays, so coverage of interest payments is not a concern.