Lobo EV Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Lobo EV Technologies has a total shareholder equity of $5.9M and total debt of $1.8M, which brings its debt-to-equity ratio to 30.8%. Its total assets and total liabilities are $19.7M and $13.8M respectively. Lobo EV Technologies's EBIT is $819.0K making its interest coverage ratio 109.1. It has cash and short-term investments of $527.1K.
Key information
30.8%
Debt to equity ratio
US$1.81m
Debt
Interest coverage ratio | 109.1x |
Cash | US$527.10k |
Equity | US$5.88m |
Total liabilities | US$13.79m |
Total assets | US$19.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LOBO's short term assets ($16.1M) exceed its short term liabilities ($13.3M).
Long Term Liabilities: LOBO's short term assets ($16.1M) exceed its long term liabilities ($451.1K).
Debt to Equity History and Analysis
Debt Level: LOBO's net debt to equity ratio (21.9%) 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's interest payments on its debt are well covered by EBIT (109.1x coverage).