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
No updates
Recent updates
Financial 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).