Lung Ming Green Energy Technology Engineering Balance Sheet Health
Financial Health criteria checks 2/6
Lung Ming Green Energy Technology Engineering has a total shareholder equity of NT$157.0M and total debt of NT$571.7M, which brings its debt-to-equity ratio to 364.1%. Its total assets and total liabilities are NT$1.2B and NT$1.1B respectively.
Key information
364.1%
Debt to equity ratio
NT$571.70m
Debt
| Interest coverage ratio | n/a |
| Cash | NT$146.72m |
| Equity | NT$157.03m |
| Total liabilities | NT$1.06b |
| Total assets | NT$1.21b |
Financial Position Analysis
Short Term Liabilities: 3018's short term assets (NT$875.9M) exceed its short term liabilities (NT$812.0M).
Long Term Liabilities: 3018's short term assets (NT$875.9M) exceed its long term liabilities (NT$243.5M).
Debt to Equity History and Analysis
Debt Level: 3018's net debt to equity ratio (270.6%) is considered high.
Reducing Debt: 3018's debt to equity ratio has increased from 56.2% to 364.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 3018 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 3018 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.7% each year