Jiangsu Lettall ElectronicLtd Balance Sheet Health
Financial Health criteria checks 3/6
Jiangsu Lettall ElectronicLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥954.9M, which brings its debt-to-equity ratio to 57.7%. Its total assets and total liabilities are CN¥5.8B and CN¥4.2B respectively. Jiangsu Lettall ElectronicLtd's EBIT is CN¥75.7M making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥656.8M.
Key information
57.7%
Debt to equity ratio
CN¥954.94m
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥656.76m |
| Equity | CN¥1.66b |
| Total liabilities | CN¥4.15b |
| Total assets | CN¥5.81b |
Recent financial health updates
Recent updates
Jiangsu Lettall Electronic Co.,Ltd (SHSE:603629) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Jun 24
We Think Jiangsu Lettall ElectronicLtd (SHSE:603629) Can Manage Its Debt With Ease
Apr 24Lacklustre Performance Is Driving Jiangsu Lettall Electronic Co.,Ltd's (SHSE:603629) Low P/S
Feb 28Financial Position Analysis
Short Term Liabilities: 603629's short term assets (CN¥2.0B) do not cover its short term liabilities (CN¥3.0B).
Long Term Liabilities: 603629's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 603629's net debt to equity ratio (18%) is considered satisfactory.
Reducing Debt: 603629's debt to equity ratio has increased from 36.5% to 57.7% over the past 5 years.
Debt Coverage: 603629's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603629's interest payments on its debt are well covered by EBIT (3.1x coverage).