Lingyi iTech (Guangdong) Balance Sheet Health
Financial Health criteria checks 6/6
Lingyi iTech (Guangdong) has a total shareholder equity of CN¥19.5B and total debt of CN¥7.4B, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are CN¥41.6B and CN¥22.1B respectively. Lingyi iTech (Guangdong)'s EBIT is CN¥2.3B making its interest coverage ratio 14.5. It has cash and short-term investments of CN¥3.7B.
Key information
38.0%
Debt to equity ratio
CN¥7.38b
Debt
| Interest coverage ratio | 14.5x |
| Cash | CN¥3.70b |
| Equity | CN¥19.45b |
| Total liabilities | CN¥22.13b |
| Total assets | CN¥41.58b |
Recent financial health updates
Lingyi iTech (Guangdong) (SZSE:002600) Seems To Use Debt Quite Sensibly
Dec 18
Is Lingyi iTech (Guangdong) (SZSE:002600) Using Too Much Debt?
Sep 13Is Lingyi iTech (Guangdong) (SZSE:002600) A Risky Investment?
May 22Recent updates
Lingyi iTech (Guangdong) (SZSE:002600) Seems To Use Debt Quite Sensibly
Dec 18Returns At Lingyi iTech (Guangdong) (SZSE:002600) Appear To Be Weighed Down
Nov 18Why Investors Shouldn't Be Surprised By Lingyi iTech (Guangdong) Company's (SZSE:002600) 40% Share Price Surge
Oct 18A Look At The Intrinsic Value Of Lingyi iTech (Guangdong) Company (SZSE:002600)
Oct 08Is Lingyi iTech (Guangdong) (SZSE:002600) Using Too Much Debt?
Sep 13Is There Now An Opportunity In Lingyi iTech (Guangdong) Company (SZSE:002600)?
Jul 30Market Might Still Lack Some Conviction On Lingyi iTech (Guangdong) Company (SZSE:002600) Even After 28% Share Price Boost
Jun 27Calculating The Fair Value Of Lingyi iTech (Guangdong) Company (SZSE:002600)
Jun 09Is Lingyi iTech (Guangdong) (SZSE:002600) A Risky Investment?
May 22Some Investors May Be Willing To Look Past Lingyi iTech (Guangdong)'s (SZSE:002600) Soft Earnings
May 06Earnings Miss: Lingyi iTech (Guangdong) Company Missed EPS By 33% And Analysts Are Revising Their Forecasts
May 02Lingyi iTech (Guangdong)'s (SZSE:002600) Returns On Capital Not Reflecting Well On The Business
Apr 25There's No Escaping Lingyi iTech (Guangdong) Company's (SZSE:002600) Muted Earnings
Feb 29Financial Position Analysis
Short Term Liabilities: 002600's short term assets (CN¥22.3B) exceed its short term liabilities (CN¥14.6B).
Long Term Liabilities: 002600's short term assets (CN¥22.3B) exceed its long term liabilities (CN¥7.5B).
Debt to Equity History and Analysis
Debt Level: 002600's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: 002600's debt to equity ratio has reduced from 48.8% to 38% over the past 5 years.
Debt Coverage: 002600's debt is well covered by operating cash flow (36.9%).
Interest Coverage: 002600's interest payments on its debt are well covered by EBIT (14.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 18:13 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Lingyi iTech (Guangdong) Company is covered by 12 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chengning Li | China International Capital Corporation Limited |
| Fan Yan | China Merchants Securities Co. Ltd. |
| Tao Xu | Citic Securities Co., Ltd. |