FULONGMA GROUPLtd Balance Sheet Health
Financial Health criteria checks 5/6
FULONGMA GROUPLtd has a total shareholder equity of CN¥3.7B and total debt of CN¥832.6M, which brings its debt-to-equity ratio to 22.5%. Its total assets and total liabilities are CN¥6.7B and CN¥3.0B respectively. FULONGMA GROUPLtd's EBIT is CN¥301.6M making its interest coverage ratio 161.8. It has cash and short-term investments of CN¥762.4M.
Key information
22.5%
Debt to equity ratio
CN¥832.60m
Debt
| Interest coverage ratio | 161.8x |
| Cash | CN¥762.38m |
| Equity | CN¥3.70b |
| Total liabilities | CN¥3.02b |
| Total assets | CN¥6.72b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603686's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 603686's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥555.7M).
Debt to Equity History and Analysis
Debt Level: 603686's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: 603686's debt to equity ratio has increased from 9.1% to 22.5% over the past 5 years.
Debt Coverage: 603686's debt is well covered by operating cash flow (41.8%).
Interest Coverage: 603686's interest payments on its debt are well covered by EBIT (161.8x coverage).