Longfor Group Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Longfor Group Holdings has a total shareholder equity of CN¥236.5B and total debt of CN¥210.6B, which brings its debt-to-equity ratio to 89.1%. Its total assets and total liabilities are CN¥700.4B and CN¥463.9B respectively. Longfor Group Holdings's EBIT is CN¥19.8B making its interest coverage ratio 292.1. It has cash and short-term investments of CN¥59.2B.
Key information
89.1%
Debt to equity ratio
CN¥210.64b
Debt
Interest coverage ratio | 292.1x |
Cash | CN¥59.23b |
Equity | CN¥236.46b |
Total liabilities | CN¥463.95b |
Total assets | CN¥700.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LGFR.Y's short term assets (CN¥442.2B) exceed its short term liabilities (CN¥267.0B).
Long Term Liabilities: LGFR.Y's short term assets (CN¥442.2B) exceed its long term liabilities (CN¥197.0B).
Debt to Equity History and Analysis
Debt Level: LGFR.Y's net debt to equity ratio (64%) is considered high.
Reducing Debt: LGFR.Y's debt to equity ratio has reduced from 96.9% to 89.1% over the past 5 years.
Debt Coverage: LGFR.Y's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: LGFR.Y's interest payments on its debt are well covered by EBIT (292.1x coverage).