Lingyi iTech (Guangdong) Balance Sheet Health
Financial Health criteria checks 5/6
Lingyi iTech (Guangdong) has a total shareholder equity of CN¥18.2B and total debt of CN¥9.0B, which brings its debt-to-equity ratio to 49.6%. Its total assets and total liabilities are CN¥38.1B and CN¥19.9B respectively. Lingyi iTech (Guangdong)'s EBIT is CN¥3.2B making its interest coverage ratio 23.6. It has cash and short-term investments of CN¥5.1B.
Key information
49.6%
Debt to equity ratio
CN¥9.01b
Debt
Interest coverage ratio | 23.6x |
Cash | CN¥5.08b |
Equity | CN¥18.15b |
Total liabilities | CN¥19.93b |
Total assets | CN¥38.08b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002600's short term assets (CN¥21.1B) exceed its short term liabilities (CN¥13.8B).
Long Term Liabilities: 002600's short term assets (CN¥21.1B) exceed its long term liabilities (CN¥6.1B).
Debt to Equity History and Analysis
Debt Level: 002600's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: 002600's debt to equity ratio has increased from 31.4% to 49.6% over the past 5 years.
Debt Coverage: 002600's debt is well covered by operating cash flow (64.2%).
Interest Coverage: 002600's interest payments on its debt are well covered by EBIT (23.6x coverage).