Jiangsu Luokai Mechanical &Electrical Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Luokai Mechanical &Electrical has a total shareholder equity of CN¥1.2B and total debt of CN¥236.7M, which brings its debt-to-equity ratio to 19.7%. Its total assets and total liabilities are CN¥2.4B and CN¥1.2B respectively. Jiangsu Luokai Mechanical &Electrical's EBIT is CN¥180.0M making its interest coverage ratio 15.4. It has cash and short-term investments of CN¥134.5M.
Key information
19.7%
Debt to equity ratio
CN¥236.68m
Debt
| Interest coverage ratio | 15.4x |
| Cash | CN¥134.52m |
| Equity | CN¥1.20b |
| Total liabilities | CN¥1.17b |
| Total assets | CN¥2.37b |
Financial Position Analysis
Short Term Liabilities: 603829's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603829's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥86.1M).
Debt to Equity History and Analysis
Debt Level: 603829's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: 603829's debt to equity ratio has increased from 9.8% to 19.7% over the past 5 years.
Debt Coverage: 603829's debt is well covered by operating cash flow (77.4%).
Interest Coverage: 603829's interest payments on its debt are well covered by EBIT (15.4x coverage).