Fujian Longking Balance Sheet Health
Financial Health criteria checks 3/6
Fujian Longking has a total shareholder equity of CN¥7.9B and total debt of CN¥9.9B, which brings its debt-to-equity ratio to 124.2%. Its total assets and total liabilities are CN¥25.3B and CN¥17.3B respectively. Fujian Longking's EBIT is CN¥986.9M making its interest coverage ratio 10.7. It has cash and short-term investments of CN¥3.6B.
Key information
124.2%
Debt to equity ratio
CN¥9.87b
Debt
| Interest coverage ratio | 10.7x |
| Cash | CN¥3.63b |
| Equity | CN¥7.95b |
| Total liabilities | CN¥17.35b |
| Total assets | CN¥25.30b |
Recent financial health updates
No updates
Recent updates
Does This Valuation Of Fujian Longking Co., Ltd. (SHSE:600388) Imply Investors Are Overpaying?
Apr 12
Need To Know: Analysts Just Made A Substantial Cut To Their Fujian Longking Co., Ltd. (SHSE:600388) Estimates
Mar 27Fujian Longking Co., Ltd. Just Missed EPS By 50%: Here's What Analysts Think Will Happen Next
Mar 25Fujian Longking Co., Ltd. (SHSE:600388) Could Be Riskier Than It Looks
Feb 29Financial Position Analysis
Short Term Liabilities: 600388's short term assets (CN¥15.7B) exceed its short term liabilities (CN¥13.4B).
Long Term Liabilities: 600388's short term assets (CN¥15.7B) exceed its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: 600388's net debt to equity ratio (78.5%) is considered high.
Reducing Debt: 600388's debt to equity ratio has increased from 50.9% to 124.2% over the past 5 years.
Debt Coverage: 600388's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: 600388's interest payments on its debt are well covered by EBIT (10.7x coverage).