Lingbao Gold Group Balance Sheet Health
Financial Health criteria checks 3/6
Lingbao Gold Group has a total shareholder equity of CN¥2.6B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 147.2%. Its total assets and total liabilities are CN¥7.9B and CN¥5.3B respectively. Lingbao Gold Group's EBIT is CN¥558.7M making its interest coverage ratio -42.5. It has cash and short-term investments of CN¥577.9M.
Key information
147.2%
Debt to equity ratio
CN¥3.84b
Debt
| Interest coverage ratio | -42.5x |
| Cash | CN¥577.88m |
| Equity | CN¥2.61b |
| Total liabilities | CN¥5.29b |
| Total assets | CN¥7.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LI9's short term assets (CN¥3.9B) do not cover its short term liabilities (CN¥4.5B).
Long Term Liabilities: LI9's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥818.9M).
Debt to Equity History and Analysis
Debt Level: LI9's net debt to equity ratio (125.1%) is considered high.
Reducing Debt: LI9's debt to equity ratio has reduced from 223% to 147.2% over the past 5 years.
Debt Coverage: LI9's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: LI9 earns more interest than it pays, so coverage of interest payments is not a concern.