LUSTER LightTech Balance Sheet Health
Financial Health criteria checks 6/6
LUSTER LightTech has a total shareholder equity of CN¥3.9B and total debt of CN¥128.3M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are CN¥4.9B and CN¥1.0B respectively. LUSTER LightTech's EBIT is CN¥33.3M making its interest coverage ratio -1. It has cash and short-term investments of CN¥2.1B.
Key information
3.3%
Debt to equity ratio
CN¥128.32m
Debt
Interest coverage ratio | -1x |
Cash | CN¥2.08b |
Equity | CN¥3.90b |
Total liabilities | CN¥1.03b |
Total assets | CN¥4.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688400's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥721.6M).
Long Term Liabilities: 688400's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥307.5M).
Debt to Equity History and Analysis
Debt Level: 688400 has more cash than its total debt.
Reducing Debt: 688400's debt to equity ratio has reduced from 103.6% to 3.3% over the past 5 years.
Debt Coverage: 688400's debt is well covered by operating cash flow (116.6%).
Interest Coverage: 688400 earns more interest than it pays, so coverage of interest payments is not a concern.