Changshu Fengfan Power Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Changshu Fengfan Power Equipment has a total shareholder equity of CN¥3.1B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 91.6%. Its total assets and total liabilities are CN¥8.3B and CN¥5.1B respectively. Changshu Fengfan Power Equipment's EBIT is CN¥243.9M making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥1.7B.
Key information
91.6%
Debt to equity ratio
CN¥2.87b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥1.74b |
| Equity | CN¥3.13b |
| Total liabilities | CN¥5.13b |
| Total assets | CN¥8.26b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601700's short term assets (CN¥5.7B) exceed its short term liabilities (CN¥4.5B).
Long Term Liabilities: 601700's short term assets (CN¥5.7B) exceed its long term liabilities (CN¥621.1M).
Debt to Equity History and Analysis
Debt Level: 601700's net debt to equity ratio (36.2%) is considered satisfactory.
Reducing Debt: 601700's debt to equity ratio has increased from 48.2% to 91.6% over the past 5 years.
Debt Coverage: 601700's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601700's interest payments on its debt are well covered by EBIT (3.5x coverage).