FULONGMA GROUPLtd Balance Sheet Health
Financial Health criteria checks 5/6
FULONGMA GROUPLtd has a total shareholder equity of CN¥3.8B and total debt of CN¥492.9M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are CN¥6.3B and CN¥2.5B respectively. FULONGMA GROUPLtd's EBIT is CN¥380.2M making its interest coverage ratio -73.7. It has cash and short-term investments of CN¥653.6M.
Key information
13.1%
Debt to equity ratio
CN¥492.85m
Debt
Interest coverage ratio | -73.7x |
Cash | CN¥653.61m |
Equity | CN¥3.76b |
Total liabilities | CN¥2.55b |
Total assets | CN¥6.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603686's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 603686's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥231.1M).
Debt to Equity History and Analysis
Debt Level: 603686 has more cash than its total debt.
Reducing Debt: 603686's debt to equity ratio has increased from 2.3% to 13.1% over the past 5 years.
Debt Coverage: 603686's debt is well covered by operating cash flow (146.8%).
Interest Coverage: 603686 earns more interest than it pays, so coverage of interest payments is not a concern.