Launch Tech Balance Sheet Health
Financial Health criteria checks 5/6
Launch Tech has a total shareholder equity of CN¥1.1B and total debt of CN¥351.6M, which brings its debt-to-equity ratio to 31.2%. Its total assets and total liabilities are CN¥1.9B and CN¥788.4M respectively. Launch Tech's EBIT is CN¥290.6M making its interest coverage ratio -154.3. It has cash and short-term investments of CN¥548.8M.
Key information
31.2%
Debt to equity ratio
CN¥351.63m
Debt
| Interest coverage ratio | -154.3x |
| Cash | CN¥548.84m |
| Equity | CN¥1.13b |
| Total liabilities | CN¥788.41m |
| Total assets | CN¥1.91b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: LAN's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥775.2M).
Long Term Liabilities: LAN's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥13.2M).
Debt to Equity History and Analysis
Debt Level: LAN has more cash than its total debt.
Reducing Debt: LAN's debt to equity ratio has increased from 24.1% to 31.2% over the past 5 years.
Debt Coverage: LAN's debt is well covered by operating cash flow (46.5%).
Interest Coverage: LAN earns more interest than it pays, so coverage of interest payments is not a concern.