Li Ning Company (2331N) Ratios
Li Ning Company Ratios
MX:2331N's free cash flow for Q2 2026 was $652.89M. For the 2026 fiscal year, MX:2331N's free cash flow was decreased by $-629.70M and operating cash flow was $1.28B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 2.85 | 2.71 | 1.88 | 1.71 | 2.42 |
| Quick Ratio | 2.51 | 2.36 | 1.54 | 1.38 | 2.19 |
| Cash Ratio | 2.07 | 0.99 | 0.75 | 1.02 | 1.91 |
| Solvency Ratio | 0.42 | 0.51 | 0.52 | 0.59 | 0.56 |
| Operating Cash Flow Ratio | 0.72 | 0.69 | 0.64 | 0.54 | 0.85 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | -1.19 | 0.00 | 0.00 |
| Net Current Asset Value | $ 12.87B | $ 10.92B | $ 3.85B | $ 3.08B | $ 9.50B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.06 | 0.05 | 0.07 | 0.06 | 0.04 |
| Debt-to-Equity Ratio | 0.08 | 0.07 | 0.10 | 0.09 | 0.06 |
| Debt-to-Capital Ratio | 0.07 | 0.07 | 0.09 | 0.08 | 0.06 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 1.37 | 1.37 | 1.40 | 1.38 | 1.43 |
| Debt Service Coverage Ratio | 32.03 | 32.39 | -1.39 | 54.87 | 80.93 |
| Interest Coverage Ratio | 30.25 | 23.70 | 19.62 | 47.71 | 79.70 |
| Debt to Market Cap | 0.00 | 0.00 | -0.09 | 0.00 | 0.00 |
| Interest Debt Per Share | 0.86 | 0.81 | 1.05 | 0.86 | 0.55 |
| Net Debt to EBITDA | -2.72 | -0.91 | -0.46 | -0.75 | -2.05 |
| Profitability Margins | |||||
| Gross Profit Margin | 48.95% | 49.37% | 48.38% | 48.38% | 53.03% |
| EBIT Margin | 13.91% | 14.87% | 16.00% | 21.38% | 23.89% |
| EBITDA Margin | 18.18% | 21.35% | 22.88% | 27.02% | 28.94% |
| Operating Profit Margin | 13.17% | 12.83% | 12.90% | 18.94% | 22.76% |
| Pretax Profit Margin | 14.15% | 14.33% | 15.42% | 20.99% | 23.61% |
| Net Profit Margin | 9.92% | 10.51% | 11.55% | 15.75% | 17.77% |
| Continuous Operations Profit Margin | 9.92% | 10.51% | 11.55% | 15.75% | 17.77% |
| Net Income Per EBT | 70.08% | 73.31% | 74.88% | 75.05% | 75.28% |
| EBT Per EBIT | 107.47% | 111.73% | 119.59% | 110.81% | 103.74% |
| Return on Assets (ROA) | 7.78% | 8.44% | 9.32% | 12.08% | 13.25% |
| Return on Equity (ROE) | 10.62% | 11.54% | 13.06% | 16.70% | 19.01% |
| Return on Capital Employed (ROCE) | 13.14% | 13.08% | 13.21% | 18.51% | 22.76% |
| Return on Invested Capital (ROIC) | 9.03% | 9.40% | 11.24% | 13.55% | 16.86% |
| Return on Tangible Assets | 7.81% | 8.53% | 9.42% | 12.21% | 13.40% |
| Earnings Yield | 6.77% | 7.57% | 6.91% | 2.60% | 2.30% |
| Efficiency Ratios | |||||
| Receivables Turnover | 18.22 | 22.94 | 19.95 | 23.27 | 23.00 |
| Payables Turnover | 7.94 | 8.93 | 7.96 | 8.41 | 6.63 |
| Inventory Turnover | 5.61 | 5.59 | 5.71 | 5.49 | 5.98 |
| Fixed Asset Turnover | 4.68 | 4.63 | 4.38 | 4.91 | 7.63 |
| Asset Turnover | 0.78 | 0.80 | 0.81 | 0.77 | 0.75 |
| Working Capital Turnover Ratio | 2.13 | 2.97 | 4.78 | 3.20 | 2.87 |
| Cash Conversion Cycle | 39.18 | 40.37 | 36.32 | 38.80 | 21.85 |
| Days of Sales Outstanding | 20.04 | 15.91 | 18.29 | 15.68 | 15.87 |
| Days of Inventory Outstanding | 65.10 | 65.32 | 63.88 | 66.54 | 61.03 |
| Days of Payables Outstanding | 45.96 | 40.85 | 45.86 | 43.42 | 55.05 |
| Operating Cycle | 85.14 | 81.23 | 82.17 | 82.23 | 76.90 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 2.24 | 2.05 | 1.81 | 1.50 | 2.60 |
| Free Cash Flow Per Share | 1.78 | 1.46 | 1.11 | 0.80 | 2.19 |
| Dividend Paid and CapEx Coverage Ratio | 2.26 | 1.79 | 1.17 | 1.29 | 4.23 |
| Capital Expenditure Coverage Ratio | 4.86 | 3.50 | 2.58 | 2.14 | 6.35 |
| Operating Cash Flow Coverage Ratio | 2.77 | 2.72 | 1.84 | 1.83 | 4.93 |
| Operating Cash Flow to Sales Ratio | 0.20 | 0.18 | 0.17 | 0.15 | 0.29 |
| Free Cash Flow Yield | 10.60% | 9.46% | 6.23% | 1.33% | 3.16% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 14.71 | 13.22 | 14.47 | 38.50 | 43.42 |
| Price-to-Sales (P/S) Ratio | 1.47 | 1.39 | 1.67 | 6.06 | 7.71 |
| Price-to-Book (P/B) Ratio | 1.57 | 1.53 | 1.89 | 6.43 | 8.25 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 9.44 | 10.58 | 16.06 | 75.11 | 31.67 |
| Price-to-Operating Cash Flow Ratio | 7.50 | 7.56 | 9.84 | 39.98 | 26.69 |
| Price-to-Earnings Growth (PEG) Ratio | -5.74 | -2.71 | -0.70 | -12.32 | 0.33 |
| Enterprise Value Multiple | 5.34 | 5.59 | 6.85 | 21.69 | 24.60 |
| Enterprise Value | 28.73B | 34.25B | 43.22B | 151.22B | 160.71B |
| EV to EBITDA | 5.34 | 5.59 | 6.85 | 21.69 | 24.60 |
| EV to Sales | 0.97 | 1.19 | 1.57 | 5.86 | 7.12 |
| EV to Free Cash Flow | 6.25 | 9.10 | 15.05 | 72.59 | 29.23 |
| EV to Operating Cash Flow | 4.97 | 6.50 | 9.22 | 38.64 | 24.63 |
| Tangible Book Value Per Share | 10.63 | 9.99 | 9.29 | 9.16 | 8.28 |
| Shareholders’ Equity Per Share | 10.69 | 10.14 | 9.44 | 9.30 | 8.42 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.30 | 0.27 | 0.25 | 0.25 | 0.25 |
| Revenue Per Share | 11.45 | 11.13 | 10.67 | 9.87 | 9.01 |
| Net Income Per Share | 1.14 | 1.17 | 1.23 | 1.55 | 1.60 |
| Tax Burden | 0.70 | 0.73 | 0.75 | 0.75 | 0.75 |
| Interest Burden | 1.02 | 0.96 | 0.96 | 0.98 | 0.99 |
| Research & Development to Revenue | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 |
| SG&A to Revenue | 0.37 | 0.37 | 0.05 | 0.04 | 0.05 |
| Stock-Based Compensation to Revenue | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 |
| Income Quality | 1.38 | 1.28 | 1.10 | 0.72 | 1.22 |
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