Fuda Alloy MaterialsLtd Balance Sheet Health
Financial Health criteria checks 2/6
Fuda Alloy MaterialsLtd has a total shareholder equity of CN¥940.8M and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 117.9%. Its total assets and total liabilities are CN¥2.3B and CN¥1.3B respectively. Fuda Alloy MaterialsLtd's EBIT is CN¥83.2M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥270.0M.
Key information
117.9%
Debt to equity ratio
CN¥1.11b
Debt
| Interest coverage ratio | 1.6x |
| Cash | CN¥270.03m |
| Equity | CN¥940.78m |
| Total liabilities | CN¥1.33b |
| Total assets | CN¥2.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603045's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603045's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥203.6M).
Debt to Equity History and Analysis
Debt Level: 603045's net debt to equity ratio (89.2%) is considered high.
Reducing Debt: 603045's debt to equity ratio has increased from 54.7% to 117.9% 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 (1.6x coverage).