Lanzhou Lishang Guochao Industrial GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Lanzhou Lishang Guochao Industrial GroupLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥656.6M, which brings its debt-to-equity ratio to 33.4%. Its total assets and total liabilities are CN¥3.4B and CN¥1.5B respectively. Lanzhou Lishang Guochao Industrial GroupLtd's EBIT is CN¥224.4M making its interest coverage ratio 10.9. It has cash and short-term investments of CN¥206.3M.
Key information
33.4%
Debt to equity ratio
CN¥656.58m
Debt
| Interest coverage ratio | 10.9x |
| Cash | CN¥206.32m |
| Equity | CN¥1.96b |
| Total liabilities | CN¥1.47b |
| Total assets | CN¥3.43b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600738's short term assets (CN¥497.9M) do not cover its short term liabilities (CN¥953.8M).
Long Term Liabilities: 600738's short term assets (CN¥497.9M) do not cover its long term liabilities (CN¥516.8M).
Debt to Equity History and Analysis
Debt Level: 600738's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: 600738's debt to equity ratio has reduced from 52.3% to 33.4% over the past 5 years.
Debt Coverage: 600738's debt is well covered by operating cash flow (43.5%).
Interest Coverage: 600738's interest payments on its debt are well covered by EBIT (10.9x coverage).