Shenzhen Laibao Hi-Tech Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Laibao Hi-Tech has a total shareholder equity of CN¥5.6B and total debt of CN¥10.9M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥8.3B and CN¥2.6B respectively. Shenzhen Laibao Hi-Tech's EBIT is CN¥372.2M making its interest coverage ratio -5.4. It has cash and short-term investments of CN¥4.6B.
Key information
0.2%
Debt to equity ratio
CN¥10.94m
Debt
Interest coverage ratio | -5.4x |
Cash | CN¥4.56b |
Equity | CN¥5.64b |
Total liabilities | CN¥2.62b |
Total assets | CN¥8.26b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002106's short term assets (CN¥6.6B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002106's short term assets (CN¥6.6B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 002106 has more cash than its total debt.
Reducing Debt: 002106's debt to equity ratio has increased from 0% to 0.2% over the past 5 years.
Debt Coverage: 002106's debt is well covered by operating cash flow (5043.4%).
Interest Coverage: 002106 earns more interest than it pays, so coverage of interest payments is not a concern.