Jiangsu Lettall ElectronicLtd Balance Sheet Health
Financial Health criteria checks 2/6
Jiangsu Lettall ElectronicLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥907.5M, which brings its debt-to-equity ratio to 54.7%. Its total assets and total liabilities are CN¥6.0B and CN¥4.4B respectively. Jiangsu Lettall ElectronicLtd's EBIT is CN¥108.2M making its interest coverage ratio 2.8. It has cash and short-term investments of CN¥456.6M.
Key information
54.7%
Debt to equity ratio
CN¥907.52m
Debt
| Interest coverage ratio | 2.8x |
| Cash | CN¥456.60m |
| Equity | CN¥1.66b |
| Total liabilities | CN¥4.39b |
| Total assets | CN¥6.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603629's short term assets (CN¥1.9B) do not cover its short term liabilities (CN¥3.1B).
Long Term Liabilities: 603629's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 603629's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: 603629's debt to equity ratio has increased from 36% to 54.7% over the past 5 years.
Debt Coverage: 603629's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603629's interest payments on its debt are not well covered by EBIT (2.8x coverage).