Fujian Longxi Bearing (Group) Balance Sheet Health
Financial Health criteria checks 5/6
Fujian Longxi Bearing (Group) has a total shareholder equity of CN¥2.4B and total debt of CN¥228.4M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are CN¥3.5B and CN¥1.1B respectively. Fujian Longxi Bearing (Group)'s EBIT is CN¥106.5M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥956.2M.
Key information
9.5%
Debt to equity ratio
CN¥228.42m
Debt
| Interest coverage ratio | -4.8x |
| Cash | CN¥956.17m |
| Equity | CN¥2.40b |
| Total liabilities | CN¥1.11b |
| Total assets | CN¥3.51b |
Recent financial health updates
Recent updates
Some Investors May Be Willing To Look Past Fujian Longxi Bearing (Group)'s (SHSE:600592) Soft Earnings
Sep 02
Fujian Longxi Bearing (Group) (SHSE:600592) Shareholders Will Want The ROCE Trajectory To Continue
Apr 23Is Fujian Longxi Bearing (Group) (SHSE:600592) A Risky Investment?
Mar 28There's No Escaping Fujian Longxi Bearing (Group) Co., Ltd's (SHSE:600592) Muted Earnings Despite A 26% Share Price Rise
Mar 06Financial Position Analysis
Short Term Liabilities: 600592's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥505.0M).
Long Term Liabilities: 600592's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥604.2M).
Debt to Equity History and Analysis
Debt Level: 600592 has more cash than its total debt.
Reducing Debt: 600592's debt to equity ratio has reduced from 17.5% to 9.5% over the past 5 years.
Debt Coverage: 600592's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600592 earns more interest than it pays, so coverage of interest payments is not a concern.