Fuda Alloy MaterialsLtd Balance Sheet Health
Financial Health criteria checks 2/6
Fuda Alloy MaterialsLtd has a total shareholder equity of CN¥967.3M and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 127.4%. Its total assets and total liabilities are CN¥2.6B and CN¥1.7B respectively. Fuda Alloy MaterialsLtd's EBIT is CN¥80.3M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥344.2M.
Key information
127.4%
Debt to equity ratio
CN¥1.23b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CN¥344.22m |
| Equity | CN¥967.31m |
| Total liabilities | CN¥1.66b |
| Total assets | CN¥2.63b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603045's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 603045's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥611.5M).
Debt to Equity History and Analysis
Debt Level: 603045's net debt to equity ratio (91.8%) is considered high.
Reducing Debt: 603045's debt to equity ratio has increased from 62.9% to 127.4% over the past 5 years.
Debt Coverage: 603045's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603045's interest payments on its debt are not well covered by EBIT (1.4x coverage).