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.