Jiangsu Luokai Mechanical &Electrical Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Luokai Mechanical &Electrical has a total shareholder equity of CN¥1.3B and total debt of CN¥417.8M, which brings its debt-to-equity ratio to 32.4%. Its total assets and total liabilities are CN¥2.7B and CN¥1.4B respectively. Jiangsu Luokai Mechanical &Electrical's EBIT is CN¥179.3M making its interest coverage ratio 16.2. It has cash and short-term investments of CN¥194.2M.
Key information
32.4%
Debt to equity ratio
CN¥417.84m
Debt
| Interest coverage ratio | 16.2x |
| Cash | CN¥194.25m |
| Equity | CN¥1.29b |
| Total liabilities | CN¥1.41b |
| Total assets | CN¥2.70b |
Financial Position Analysis
Short Term Liabilities: 603829's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603829's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥174.1M).
Debt to Equity History and Analysis
Debt Level: 603829's net debt to equity ratio (17.3%) is considered satisfactory.
Reducing Debt: 603829's debt to equity ratio has increased from 14.4% to 32.4% over the past 5 years.
Debt Coverage: 603829's debt is well covered by operating cash flow (39.3%).
Interest Coverage: 603829's interest payments on its debt are well covered by EBIT (16.2x coverage).