LAIX Balance Sheet Health
Financial Health criteria checks 3/6
LAIX has a total shareholder equity of CN¥-632.0M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥163.9M and CN¥795.8M respectively. LAIX's EBIT is CN¥47.8M making its interest coverage ratio 12.6. It has cash and short-term investments of CN¥70.1M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | 12.6x |
| Cash | CN¥70.14m |
| Equity | -CN¥631.99m |
| Total liabilities | CN¥795.84m |
| Total assets | CN¥163.85m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: LAIX.Y has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: LAIX.Y has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: LAIX.Y is debt free.
Reducing Debt: LAIX.Y's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: LAIX.Y has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LAIX.Y has no debt, therefore coverage of interest payments is not a concern.