Lingyi iTech (Guangdong) Balance Sheet Health
Financial Health criteria checks 5/6
Lingyi iTech (Guangdong) has a total shareholder equity of CN¥18.7B and total debt of CN¥9.1B, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are CN¥39.1B and CN¥20.4B respectively. Lingyi iTech (Guangdong)'s EBIT is CN¥2.2B making its interest coverage ratio 16.6. It has cash and short-term investments of CN¥4.3B.
Key information
48.5%
Debt to equity ratio
CN¥9.07b
Debt
| Interest coverage ratio | 16.6x |
| Cash | CN¥4.29b |
| Equity | CN¥18.72b |
| Total liabilities | CN¥20.41b |
| Total assets | CN¥39.13b |
Recent financial health updates
Is Lingyi iTech (Guangdong) (SZSE:002600) Using Too Much Debt?
Sep 13
Is Lingyi iTech (Guangdong) (SZSE:002600) A Risky Investment?
May 22Recent updates
Is 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¥20.3B) exceed its short term liabilities (CN¥13.5B).
Long Term Liabilities: 002600's short term assets (CN¥20.3B) exceed its long term liabilities (CN¥6.9B).
Debt to Equity History and Analysis
Debt Level: 002600's net debt to equity ratio (25.5%) is considered satisfactory.
Reducing Debt: 002600's debt to equity ratio has increased from 33.4% to 48.5% over the past 5 years.
Debt Coverage: 002600's debt is well covered by operating cash flow (37.5%).
Interest Coverage: 002600's interest payments on its debt are well covered by EBIT (16.6x coverage).