FinTech Chain Balance Sheet Health
Financial Health criteria checks 1/6
FinTech Chain has a total shareholder equity of CN¥-10.7M and total debt of CN¥22.9M, which brings its debt-to-equity ratio to -213.3%. Its total assets and total liabilities are CN¥31.5M and CN¥42.2M respectively. FinTech Chain's EBIT is CN¥1.6M making its interest coverage ratio 0.9. It has cash and short-term investments of CN¥5.9M.
Key information
-213.3%
Debt to equity ratio
CN¥22.89m
Debt
| Interest coverage ratio | 0.9x |
| Cash | CN¥5.89m |
| Equity | -CN¥10.73m |
| Total liabilities | CN¥42.22m |
| Total assets | CN¥31.49m |
Recent financial health updates
No updates
Recent updates
Here's Why We Think FinTech Chain (ASX:FTC) Is Well Worth Watching
Feb 14
Should You Be Adding FinTech Chain (ASX:FTC) To Your Watchlist Today?
Nov 13We Think The Compensation For FinTech Chain Limited's (ASX:FTC) CEO Looks About Right
Sep 21We Think That There Are Issues Underlying FinTech Chain's (ASX:FTC) Earnings
Jun 07Why Investors Shouldn't Be Surprised By FinTech Chain Limited's (ASX:FTC) 31% Share Price Plunge
Jun 02Financial Position Analysis
Short Term Liabilities: FTC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FTC 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: FTC has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FTC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: FTC's debt is well covered by operating cash flow (39%).
Interest Coverage: FTC's interest payments on its debt are not well covered by EBIT (0.9x coverage).