China Ludao Technology Balance Sheet Health
Financial Health criteria checks 2/6
China Ludao Technology has a total shareholder equity of CN¥409.6M and total debt of CN¥688.5M, which brings its debt-to-equity ratio to 168.1%. Its total assets and total liabilities are CN¥1.4B and CN¥979.4M respectively. China Ludao Technology's EBIT is CN¥61.7M making its interest coverage ratio 5.8. It has cash and short-term investments of CN¥32.5M.
Key information
168.1%
Debt to equity ratio
CN¥688.49m
Debt
| Interest coverage ratio | 5.8x |
| Cash | CN¥32.47m |
| Equity | CN¥409.57m |
| Total liabilities | CN¥979.45m |
| Total assets | CN¥1.39b |
Recent financial health updates
Is China Ludao Technology (HKG:2023) A Risky Investment?
Aug 31
China Ludao Technology (HKG:2023) Has A Pretty Healthy Balance Sheet
Apr 09Is China Ludao Technology (HKG:2023) A Risky Investment?
Dec 14Recent updates
Here's What's Concerning About China Ludao Technology's (HKG:2023) Returns On Capital
Mar 26Is China Ludao Technology (HKG:2023) A Risky Investment?
Aug 31China Ludao Technology (HKG:2023) Could Be Struggling To Allocate Capital
Jul 06China Ludao Technology (HKG:2023) Shareholders Will Want The ROCE Trajectory To Continue
Jul 15Here's Why I Think China Ludao Technology (HKG:2023) Might Deserve Your Attention Today
May 31China Ludao Technology (HKG:2023) Has A Pretty Healthy Balance Sheet
Apr 09China Ludao Technology (HKG:2023) Shareholders Will Want The ROCE Trajectory To Continue
Mar 22Are Insiders Buying China Ludao Technology Company Limited (HKG:2023) Stock?
Mar 05Here's Why I Think China Ludao Technology (HKG:2023) Might Deserve Your Attention Today
Feb 15
China Ludao Technology's(HKG:2023) Share Price Is Down 42% Over The Past Five Years.
Jan 31China Ludao Technology Company Limited (HKG:2023) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Jan 13What We Learned About China Ludao Technology's (HKG:2023) CEO Pay
Dec 27Is China Ludao Technology (HKG:2023) A Risky Investment?
Dec 14China Ludao Technology (HKG:2023) Is Growing Earnings But Are They A Good Guide?
Dec 01Have Insiders Been Buying China Ludao Technology Company Limited (HKG:2023) Shares?
Nov 19Financial Position Analysis
Short Term Liabilities: 2023's short term assets (CN¥499.3M) do not cover its short term liabilities (CN¥648.8M).
Long Term Liabilities: 2023's short term assets (CN¥499.3M) exceed its long term liabilities (CN¥330.7M).
Debt to Equity History and Analysis
Debt Level: 2023's net debt to equity ratio (160.2%) is considered high.
Reducing Debt: 2023's debt to equity ratio has increased from 66.8% to 168.1% over the past 5 years.
Debt Coverage: 2023's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2023's interest payments on its debt are well covered by EBIT (5.8x coverage).