Lobo EV Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Lobo EV Technologies has a total shareholder equity of $8.1M and total debt of $1.6M, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are $24.5M and $16.4M respectively. Lobo EV Technologies's EBIT is $288.0K making its interest coverage ratio -16.8. It has cash and short-term investments of $1.3M.
Key information
20.1%
Debt to equity ratio
US$1.62m
Debt
| Interest coverage ratio | -16.8x |
| Cash | US$1.30m |
| Equity | US$8.09m |
| Total liabilities | US$16.37m |
| Total assets | US$24.46m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: LOBO's short term assets ($20.4M) exceed its short term liabilities ($15.6M).
Long Term Liabilities: LOBO's short term assets ($20.4M) exceed its long term liabilities ($771.0K).
Debt to Equity History and Analysis
Debt Level: LOBO's net debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if LOBO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: LOBO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LOBO earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 11:59 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Lobo EV Technologies Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Sung-Chul Kim | Zacks Small-Cap Research |