Shanghai Lingyun Industries Development Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai Lingyun Industries Development has a total shareholder equity of CN¥607.3M and total debt of CN¥427.5M, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are CN¥1.1B and CN¥445.0M respectively. Shanghai Lingyun Industries Development's EBIT is CN¥48.4M making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥28.5M.
Key information
70.4%
Debt to equity ratio
CN¥427.52m
Debt
Interest coverage ratio | 2.9x |
Cash | CN¥28.53m |
Equity | CN¥607.27m |
Total liabilities | CN¥444.96m |
Total assets | CN¥1.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 900957's short term assets (CN¥372.8M) exceed its short term liabilities (CN¥11.2M).
Long Term Liabilities: 900957's short term assets (CN¥372.8M) do not cover its long term liabilities (CN¥433.8M).
Debt to Equity History and Analysis
Debt Level: 900957's net debt to equity ratio (65.7%) is considered high.
Reducing Debt: 900957's debt to equity ratio has reduced from 116.7% to 70.4% over the past 5 years.
Debt Coverage: 900957's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: 900957's interest payments on its debt are not well covered by EBIT (2.9x coverage).